Mbadi hits crypto permit speculators with 3-year rule

John Mbadi

Treasury Cabinet Secretary John Mbadi speaks to journalists in Kisumu on July 4, 2026.

Photo credit: Alex Odhiambo | Nation Media Group

The National Treasury has introduced new restrictions on the transfer of cryptocurrency licences, requiring operators to hold and actively use their permits for at least three years before they can be sold or assigned to another party.

The new Virtual Asset Service Providers (VASP) Regulations, 2026, published by Treasury Cabinet Secretary John Mbadi, also require successful applicants to commence operations within 12 months of receiving a licence.

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