Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs

Kenya’s National Treasury and cryptocurrency exchanges are in a standoff over a proposed regulation requiring stablecoin issuers to hold at the very least 30% of their asset reserves in native business banks. Protecting the Native Market Cryptocurrency exchanges and Kenya’s National Treasury are reportedly locked in a standoff over a proposed regulation that might drive stablecoin issuers […]

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