TechFlame, on July 13, Kenya's Minister of Information and Communications Technology William Kabogo announced the official launch of the national digital token KenyAndT (KDT), which is deployed on the Solana blockchain.

Kabogo said that Kenya is developing a draft national virtual asset policy and virtual asset service provider (VASP) bill to establish a more regulated digital asset regulatory framework. He also revealed that Kenyan citizens have now traded more than $500 million in digital assets per month, reflecting

the high level of public participation in this field.

Although the Central Bank of Kenya has yet to clarify KenyandT's fiat currency attributes or pegging mechanism, Kabogo also clarified that the token is not directly issued by the government, but its goals are highly consistent with the national digital strategy. Currently, the Government is consulting with the Central Bank, the Communications Administration, and the Ministry of Finance to promote the implementation of a

governance model and regulatory compliance.