How do regulatory developments such as Kenya’s Virtual Assets Service Providers Act affect Bitcoin adoption in new markets?
Why is this the correct answer?
This is correct because Kenya’s Virtual Assets Service Providers Act sets regulatory standards for crypto firms. Clear rules around licensing, compliance, and consumer protection reduce uncertainty. When investors and businesses trust the legal environment, they are more willing to open accounts and transact in Bitcoin. For beginners, understanding that regulation can both protect and encourage market growth is essential.
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