Entities that issue stablecoins, a type of cryptocurrency designed to maintain a stable value against a fiat currency.
For crypto startups, breaking Kenya’s advertising rules could cost $23,000 in fines
Kenya's National Treasury has published draft regulations for cryptocurrency advertising and transactions. The proposed rules require crypto firms to comply with detailed advertising standards and pay transaction fees.
Kenya’s crypto rules risk pricing out smaller firms and shrinking the market, says VAAK
Kenya's draft rules require virtual asset exchanges to hold at least KES 150 million in paid-up capital, which may exclude many startups. Insurance obligations mandate comprehensive coverage for consumer assets, creating additional barriers for smaller firms.
