NAIROBI, Kenya, June 25 – Cryptocurrency industry players have called for closer collaboration between the government and digital asset firms as Kenya develops regulations for the sector.
Speaking at the ongoing Adopting Bitcoin Conference in Nairobi, participants said effective regulation should protect consumers while allowing innovation and growth in the digital asset market.
They argued that continuous engagement between policymakers, regulators and industry stakeholders will be key to creating a balanced framework for virtual assets.
Talo Africa Chairman Robert Kirubi said regulation is necessary but should be informed by a clear understanding of how Bitcoin and related technologies work.
“Regulation is fine, but governments also need to understand what Bitcoin is and what it can do,” he said.
Afribit Kibera founder Ronnie Mdawida said the industry views government as an important partner in shaping the future of digital assets in Kenya.
He noted that discussions between regulators and industry players can help develop policies that support innovation while addressing concerns around consumer protection, fraud and financial stability.
Bitika co-founder Sandra Kimberly said industry players have been participating in public consultations and engaging policymakers to improve understanding of Bitcoin and its potential use cases.
She added that public awareness and policymaker education remain important in creating a supportive regulatory environment.
AlphabloQ CEO Trevor Kimani warned that poorly designed regulations could limit opportunities in the growing digital asset sector.
“It is our responsibility to help policymakers understand the opportunities and risks so that regulations do not hinder innovation,” he said.
The discussions come as Kenya moves to formalise oversight of virtual asset activities amid growing interest in cryptocurrencies and digital finance.
Participants at the conference said stronger cooperation between government and industry could help Kenya position itself as a regional hub for digital assets while ensuring adequate safeguards for users.
