Kenya Cuts Stablecoin Capital Requirement to 300 Million Shillings, Grants Central Bank Delisting Powers
Kenya cut the minimum capital requirement for stablecoin issuers by 40%, lowering the threshold to 300 million shillings.
The regulatory update also grants the central bank broad authority to restrict, suspend, or delist stablecoins from local trading platforms, expanding state oversight of the digital asset market.
From the sources (3 posts)
@coinmarketcapLATEST: 🇰🇪 Kenya cut the minimum capital for stablecoin issuers by 40% to 300M shillings, while giving the central bank broad powers to restrict, suspend, or delist stablecoins from local platforms.
@spendnodeKENYA REWRITES ITS STABLECOIN RULEBOOK Kenya just cut the minimum capital to issue a stablecoin by 40%, down to 300 million shillings. Cheaper to enter. But the central bank now gets the power to restrict, suspend, or delist any stablecoin
@world_wallnewsKenya cuts minimum capital for stablecoin issuers by 40% to 300M shillings. Central bank gets broad powers to restrict, suspend, or delist stablecoins.