By
Vincent Owino
Business & Technology Reporter
Nation Media Group
The National Treasury has banned interest payments on stablecoins, regardless of how long they are held, a strategy aimed at preventing issuers from acting as unregulated banks.
Treasury bans interest on stablecoins to protect bank deposits
This is expected to discourage their use as interest-earning assets, which would risk a bank run.
502 words~2 min read
