Stablecoin firms face stringent disclosure rules as Kenya tightens crypto oversight

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Analysts say Kenya is well-positioned to adopt stablecoins into everyday finance due to its high mobile-money penetration rates.

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Stablecoin issuers in Kenya face stringent new monthly reporting requirements, as the country tightens regulation of digital currencies to ensure transparency and protect investor assets.

Proposed regulations by the Capital Markets Authority (CMA) show that stablecoin issuers will be required to file monthly reports on transactions, the number of asset holders, the value of assets in circulation, and the composition of reserves backing the tokens.

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