The First Cryptocurrency ATMs in Kenya: A New Stage for Digital Currencies
Date: 2025-11-21 Author: Gabriel Deangelo Categories: IN WORLD
With the launch of these new cryptocurrency ATMs, Kenya has taken a significant step toward legalizing digital asset transactions. The introduction of these devices coincides with the enactment of the Virtual Currency Regulation Act, which now officially permits cryptocurrency and token transactions. With limited access to traditional banking services for some of the population, these devices could become an important tool for financial inclusion. The installation of the crypto ATMs was carried out by Bankless Bitcoin, a local company specializing in over-the-counter digital asset exchange. According to CoinATMradar, only two such devices are currently officially registered in the country.
The Central Bank of Kenya (CBK), together with the Capital Markets Authority (CMA), noted that no crypto ATM operators have yet received official regulatory approval. Authorities are currently continuing to refine the requirements and regulations that will be required for licensing.
Currently, Kenyan crypto ATMs restrict transactions without full customer identification (KYC). Cash-to-bitcoin exchanges are limited to up to 10,000 Kenyan shillings, equivalent to approximately $77. This measure is aimed at mitigating risks and controlling financial flows amid growing interest in digital currencies.
Furthermore, the Kenya Revenue Authority (KRA) announced that, effective January 1, 2026, a 10% tax will be imposed on fees charged by crypto exchanges and platforms for digital asset transactions. This decision creates a legal and financial framework for further market development and encourages tax compliance among industry participants.
The emergence of crypto ATMs demonstrates the country's commitment to integrating innovative financial technologies while ensuring oversight and regulation of these new instruments. For underbanked populations, these devices could become an alternative to traditional financial transactions. At the same time, regulators continue to develop a regulatory framework to support the safe and transparent use of digital assets in the country.
Overall, the launch of crypto ATMs in Kenya can be seen as the first step toward greater financial inclusion and the development of the virtual currency market in East Africa.
