Jun 10
The CMA Sandbox May Become One of the First Stops on the Road to VASP Licensing
The CMA innovation sandbox is gaining attention as Kenya develops VASP licensing rules, offering startups a supervised path to market.
➤ Kenya's Capital Markets Authority (CMA) innovation sandbox is emerging as a key pathway for virtual asset startups to navigate proposed VASP licensing rules. ➤ The sandbox allows firms to test products in a supervised environment, gather compliance data, and potentially meet stringent capital requirements before full market entry. ➤ This approach addresses the challenge for new companies in meeting significant capital thresholds for VASP licenses, offering a structured route from experimentation to operation.