International crypto exchanges wishing to continue serving Kenyans will need to comply with local licensing requirements.
Kenya's Treasury imposed stablecoin regulations with 300M KES capital for issuers, 100M for exchanges, mandatory licensing for foreign platforms. Higher compliance costs will consolidate the market and reshape enterprise vendor selection and infrastructure strategy.
By
Dennis Musau
Technology Correspondent
Nation Media Group
The Treasury has published new regulations to govern stablecoin and tokenisation issuers, virtual asset exchanges and wallet providers, brokers, managers, investment advisers and payment processors.
The rule requires that at least 30 percent of funds received by an exchange for stablecoins be held in accounts at commercial…
Kenya's new crypto rules could compel exchanges to delist foreign stablecoins whose issuers are not licenced in the country.
Kenya's Treasury wants stablecoin issuers to hold 30% of reserves in local banks, sparking a standoff with crypto leaders.
This is expected to discourage their use as interest-earning assets, which would risk a bank run.
Kenya lowers stablecoin capital requirements to $2.3M, easing crypto entry while retaining Central Bank controls and 1-to-1…
Kenya has gazetted regulations that establish licencing rules for exchanges, wallet providers, stablecoin issuers, and other…
Kenya gazettes crypto licensing rules for digital asset firms
