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Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs
Kenya's Treasury wants stablecoin issuers to hold 30% of reserves in local banks, sparking a standoff with crypto leaders.
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businessdailyafrica.com
Cryptos, Treasury clash over coin reserves rule
The rule requires that at least 30 percent of funds received by an exchange for stablecoins be held in accounts at commercial banks in Kenya.
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news.bitcoin.com
Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs
Kenya's Treasury wants stablecoin issuers to hold 30% of reserves in local banks, sparking a standoff with crypto leaders.