Kenya, July 12 -- By prioritising Bitcoin, stablecoins, and blockchain integration, Kenya has demonstrated a significant shift towards embracing the digital economy.
Through a sequence of statements and videos shared on X, Hon. William Kabogo, the Cabinet Secretary for the Ministry of Information, Communications and the Digital Economy (MICDE), stated that the government is committed to exploring digital assets as a key component of national economic transformation.
The policymaker's announcement reflects a shift towards leadership instead of caution regarding digital assets, as evidenced by Kabogo.
He also noted that the growing support for blockchain innovation and stablecoin development in Kenya, along with an interest in exploring Bitcoin reserves that could shape the future of Africa, will be present on Web3.
Kabogo highlighted the announcement as a crucial step towards embedding digital assets within Kenya's economic framework and sovereign reserves, despite ongoing regulatory rollouts.
In addition, he stated that Kenya is working on a national policy on virtual assets and preparing a draft bill to balance innovation, financial inclusion, and public safety in the face of changing digital times.
Insisting on market engagement, Kabogo said more than half of all citizens in Kenya trade more than $500 million in digital assets every month.
"The fact that our people are already embracing the digital economy highlights the tremendous potential of our nation," he added.
But the Cabinet Secretary added, "It is important to turn this digital activity into tangible socioeconomic gains - including jobs, investment and financial empowerment."
"According to him, blockchain allows an individual in any village to access global markets, raise capital, or invest in tokenised assets."
"Traditional barriers are broken down by this technology, which opens new doors for success."
MICDE has committed to working with innovators and other stakeholders to create policies that promote inclusive digital development.
On July 11, 2025, the ministry welcomed the launch of a bold civic-led initiative, known as the Kenya Digital Token (KDT), on the Solana blockchain.
While private sector innovators may have designed it independently, government officials said the token seems to be in line with national goals regarding identity building, technological empowerment and inclusive participation.
The Kenya Digital Token was launched today, according to Kabogo, who also noted that the private sector's commitment to expanding the digital economy is a bold move.
The Cabinet Secretary explained that the KDT is not a government-issued token, but it enhances the country's digital strategy.
He stated that the Kenyan bottom-up economic transformation agenda is directly linked to its goal of empowering youth, improving economic dignity, and embracing technology for opportunities.
Solana, a token that is chosen for its scalability and low transaction costs, is in line with MICDE's IBRL policy vision, which seeks to enable every Kenyan to participate in the global digital economy.
While pursuing digital transformation, Kenya's government is emphasising its commitment to being inclusive, innovative, and purposeful.
Through bold measures like integrating digital assets into policy, advocating for blockchain regulation, and acknowledging civic-led initiatives such as KDT, the country is creating conditions that will lead to a resilient economy.
Kenya's position in the global digital arena has been solidified by MICDE, which pledged to maintain stakeholder engagement and regulatory clarity through ongoing consultations.
Published by HT Digital Content Services with permission from Bana Kenya.