Africa
KenyaKenya Lowers Capital Requirement for Stablecoin Issuers
Kenya has reduced the paid-up capital requirement for stablecoin issuers to Sh300 million from Sh500 million, while maintaining the Central Bank of Kenya's supervisory powers and a 30% local reserve rule.
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Kenya lowers stablecoin capital to Sh300M, retains CBK oversight
First report 7h agoLast update 7h ago1 takes 1
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started 7h ago•Last update 7h ago
The new regulations for stablecoin issuers in Kenya include a lowered capital requirement, CBK oversight, and a mandate for segregated local trust accounts for reserves.
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