Bitcoin ATMs have appeared in Nairobi malls following Kenya’s new crypto law. Regulators stress no licensed crypto providers yet. Only two Bitcoin ATMs are in Kenya, per CoinATMradar. The law requires Central Bank oversight of payments and custody, with the Capital Markets Authority regulating trading. No VASPs are licensed under the new law. Regulators warn against unauthorized operators. The situation shows a disconnect between visible crypto infrastructure growth and regulatory compliance. Bitcoin ATMs are expanding to upscale malls, though crypto usage thrives in lower-income areas like Kibera, where residents view BTC as a form of banking and financial freedom.

Read more at CoinTelegraph: Kenya Warns No Licensed VASPs as Bitcoin ATMs Appear in Malls