Scrapped proposal sought to bar any individual or entity from controlling more than 33.3 percent of the issued share capital, voting rights, board representation.
Kenya scrapped the one-third cap on crypto exchange ownership, enabling founders and VCs to control virtual asset businesses outright. The shift attracts venture capital into Africa's blockchain sector while positioning Kenya as a permissive fintech regulatory alternative.
By
Dennis Musau
Technology Correspondent
Nation Media Group
The National Treasury has scrapped a proposal that would have capped ownership in cryptocurrency exchanges, wallet providers and stablecoin issuers at one-third, easing a restriction that experts had warned would discourage investment in Kenya's virtual assets sector.
Cryptocurrency operators are required to have a minimum paid-up capital of up to Sh300m, a reduction from the earlier proposed…
The rule requires that at least 30 percent of funds received by an exchange for stablecoins be held in accounts at commercial…
Kenya's Treasury wants stablecoin issuers to hold 30% of reserves in local banks, sparking a standoff with crypto leaders.
Kenya lowers stablecoin capital requirements to $2.3M, easing crypto entry while retaining Central Bank controls and 1-to-1…
International crypto exchanges wishing to continue serving Kenyans will need to comply with local licensing requirements.
This aim to curb speculative licence trading, where individuals or firms acquire licences not to operate businesses but to later…
Kenya crypto firms can now appeal regulator decisions
