币界网报道:Kenya's proposed Crypto Bill 2023 has ignited heated debates as it moves through parliament, with critics raising concerns over potential conflicts of interest involving Binance. The bill aims to establish a regulatory framework for digital assets but faces scrutiny due to reports that Binance may have influenced its drafting through undisclosed consultations with Kenyan lawmakers. Local crypto advocates argue the legislation appears tailored to favor large exchanges rather than protect consumers or foster innovation. The controversy deepened when blockchain analysts noted similarities between Kenya's bill and regulatory templates previously circulated by major crypto firms. Government officials maintain the legislation will bring much-needed clarity to Kenya's growing crypto sector, which ranks among Africa's most active markets. However, opposition politicians demand transparency about the bill's origins and warn against creating regulatory capture by foreign corporations. The debate comes as Kenya experiences a surge in crypto adoption, with peer-to-peer trading volumes increasing 400% since 2021 according to recent estimates. Industry observers suggest the controversy could delay implementation of regulations that many see as crucial for protecting investors in Kenya's largely unregulated digital asset space.