JUST IN: Treasury Plans Ksh1.82 Billion Budget for Crypto Regulation Amid IMF Pressure 

  The National Treasury estimates that Kenya will need Ksh1.82 billion to develop and publicize regulations for cryptocurrency and digital tokens, a move aimed at combating tax evasion, fraud, and cybercrime amid the increasing use of digital assets. According to the Treasury’s Draft National Policy on Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), most of the funds will be allocated to creating comprehensive regulations. A Virtual Asset (VA) is a digital representation of value that can be traded, transferred, and used for payments or investments. The implementation matrix reveals that Ksh800 million will be spent on developing a robust
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