Kenya's Finance Bill 2026, introduced by Treasury Secretary John Mbadi, focuses on enhancing reporting requirements for cryptocurrency exchanges and Virtual Asset Service Providers (VASPs) without imposing new taxes on crypto users or creators. The bill mandates stricter disclosure, record-keeping, and cross-border transaction reporting, expanding the Kenya Revenue Authority's oversight capabilities. These measures aim to address compliance and reporting gaps in the rapidly growing digital asset sector. Mbadi clarified that the bill does not introduce new taxes but seeks to formalize reporting obligations for virtual asset activities. KPMG's review highlighted significant operational changes for crypto businesses, including new annual disclosure requirements under the Tax Procedures Act. The bill also strengthens the KRA's ability to exchange transaction and identity data with foreign jurisdictions, potentially increasing compliance costs for digital asset firms. Despite public concerns about privacy and mobile money surveillance, Treasury officials assured that existing data protection laws remain intact. KPMG noted that broader tax adjustments could impact card networks and fiat-to-crypto payment channels, with expanded interpretations of interchange and merchant service fees under the Income Tax Act.