Binance, VAC Back Kenya’s Crypto Progress
Binance, VAC Back Kenya’s Crypto Progress
Binance, the world’s largest blockchain ecosystem by volume, and the Virtual Assets Chamber (VAC) expressed strong support for Kenya’s progress in crypto regulation during a media briefing in Nairobi.
They applauded the Virtual Asset Service Provider (VASP) Bill as a positive step and called for a balanced tax policy that promotes innovation, investment, and long-term growth.
Larry Cooke, Binance’s Head of Legal for Africa, and Allan Kakai, VAC Director, led the briefing. They highlighted the need to align tax frameworks with the momentum of regulatory reform.
“Kenya has made great strides,” said Cooke. “But without enabling tax policy, we risk slowing progress. Our proposal protects users and encourages sustainable growth.”
Kakai agreed, noting Kenya’s regional leadership. “Smart policies can position Kenya as Africa’s crypto capital—serving over 300 million people across the continent,” he said.
Binance, VAC Back Kenya’s Crypto Progress
Kenya Can Lead Africa’s Digital Finance Future
The media engagement came ahead of the Kenya Blockchain & Crypto Conference (KBCC), where Cooke and Kakai will speak further on regulation.
The two emphasized the importance of collaboration between regulators and industry players. “Working with local experts like the VAC helps ensure global best practice fits our local context,” said Cooke.
They also stressed the need for education across the ecosystem. “Regulators, lawyers, and professionals must be informed for responsible growth to happen,” said Kakai.
He added that Kenya’s leadership could set a continental standard. “The frameworks we develop here could become a model for Africa—and beyond.”
The Binance–VAC partnership reflects a shared vision for building a crypto ecosystem that supports innovation, protects users, and strengthens Kenya’s position in global digital finance.
The two leaders closed by reaffirming their commitment to Kenya’s digital future. “This is our moment,” said Kakai. “With the right policies, Kenya can build a crypto economy that is inclusive, secure, and ready to lead.”
