Binance continues to work closely with Kenyan policymakers and the Virtual Assets Chamber (VAC) to support the development of a balanced, innovation-friendly regulatory environment for digital assets. As part of this ongoing collaboration, Binance’s Head of Legal for Africa, Larry Cooke, will join VAC Director Allan Kakai in a featured fireside chat at the upcoming Kenya Blockchain & Crypto Conference on 12 June 2025.
The discussion will focus on the proposed Virtual Asset Service Providers (VASP) Bill, 2025 and the Digital Asset Tax (DAT), two landmark policy instruments currently under review by Parliament. Cooke and Kakai will unpack the progress made so far, the opportunities presented by regulatory clarity, and the importance of sustained industry-government engagement.
The appearance follows Binance’s recent policy engagement alongside VAC during formal submissions to the Departmental Committee on Finance and National Planning in May 2025. These submissions provided practical recommendations to refine both the VASP and Finance Bills, aiming to align them with global best practices while supporting Kenya’s unique fintech landscape.
“At Binance, we believe that collaboration is key to unlocking the benefits of digital assets,” said Larry Cooke, Head of Legal, Africa at Binance. “Our work with the Virtual Assets Chamber and the Kenyan government is focused on creating a clear, enforceable framework that drives innovation, safeguards users, and positions Kenya as a regional leader in digital finance.”
Binance and VAC have jointly advocated for revising the proposed Digital Asset Tax structure, calling for a shift from the current model to a 5% excise duty on service fees, a solution that simplifies compliance for Virtual Asset Service Providers (VASPs) while ensuring sustainable revenue for the government without overburdening users.
Beyond policy development, Binance and VAC have also prioritized education and awareness. Earlier this year, they co-hosted a training session for members of Parliament, offering practical demonstrations and regulatory insights to support informed decision-making.
“This moment reflects what’s possible when the public and private sectors work together,” said Allan Kakai, VAC Director. “With the right legal framework, Kenya can unlock digital inclusion, strengthen investor trust, and foster long-term growth. Our partnership with Binance is a strong example of industry stepping up to support responsible innovation.”
The fireside chat on 12 June will offer the broader tech and finance community an opportunity to understand how inclusive policymaking is shaping Kenya’s digital economy and to hear directly from the people helping to shape its future.
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