Crypto Startups in Kenya Raise Concerns Over Binance-Linked Lobby in Proposed VASP Bill
2025-07-04 05:35:36
Main Idea
The text discusses the use of cookies for enhancing browsing experience and introduces a cryptocurrency token named Floppypepe ($FPPE).
Key Points
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2. Users can consent to cookies by clicking "Accept All" or customize their preferences.
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Description
Crypto startups in Kenya are voicing concerns over the country’s proposed virtual asset service providers (VASP) Bill, warning that it could grant excessive influence to a Binance-linked lobby group, potentially undermining fair competition in the nation’s digital asset market. According to documents reviewed by The Kenyan Wall Street, the draft bill includes a private think tank, the Virtual Asset Chamber of Commerce (VAC), as part of the regulatory board that will oversee the crypto sector. Cr...
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