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

Kenyas National Treasury and cryptocurrency exchanges are in a standoff over a proposed regulation requiring stablecoin issuers to hold at least 30% of their asset reserves in local commercial banks. Protecting the Local Market Cryptocurrency exchanges and Kenyas National Treasury are reportedly locked in a standoff over a proposed regulation that would force stablecoin issuers []