X @BSCN

Kenya softens the price of entry, keeps the leashKenya gazetted its VASP Regulations under Legal Notice 134, cutting stablecoin issuer paid-up capital 40% to Sh300M, around $2.3M, from the Sh500M floated in March. Wallet providers land at Sh150M, exchanges at Sh100M.Nothing else loosened. The CBK can order an issuer to halt issuance or redemption, and can direct local exchanges and wallets to restrict, suspend or delist a stablecoin outright.That effectively reaches offshore issuers without ever licensing t ...