Summary
Kenya’s National Treasury and crypto exchanges are deadlocked over draft VASP Regulations 2026 requiring stablecoin issuers to hold at least 30% of funds received in local commercial bank accounts (July 5, 2026). Treasury cites investor protection and domestic liquidity; industry warns of trapped liquidity, slower transactions, and higher remittance costs. Parliament’s Delegated Legislation Committee questions regulatory duplication for foreign-issued stablecoins. No final deadline set; consultations continue.
PreScreening Notes
Score: 2/10 | Rejected
Duplicate ingestion of a story already prescreened in pipeline/2-prescreened/. Original item scored 7/10 (high priority). No further action needed.