The capital requirements are intended to ensure that licensed virtual asset service providers have sufficient financial capacity to operate.
Kenyan crypto startups threaten relocation to Mauritius/South Africa due to November 4 deadline requiring 100-300M KES capital. Competitors' 10x lower thresholds signal how rigid compliance concentrates innovation in adaptive jurisdictions, affecting competitiveness.
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
Kenyan cryptocurrency startups mull relocating their businesses abroad, spooked by the newly set minimum capital requirements that founders say are beyond the reach of many early-stage firms.
Binance, Luno, Yellow Card, and VALR are preparing to apply for Kenyan crypto licences under the country’s new VASP regulations.
Kenya lowers stablecoin capital requirements to $2.3M, easing crypto entry while retaining Central Bank controls and 1-to-1…
Cryptocurrency operators are required to have a minimum paid-up capital of up to Sh300m, a reduction from the earlier proposed…
Kenya has gazetted regulations that establish licencing rules for exchanges, wallet providers, stablecoin issuers, and other…
The rise of digital investing platforms has also transformed how fund managers acquire and interact with clients, according to…
The proposed regulations come amid rising adoption of cryptocurrencies, blockchain technology and digital financial products in…
