Business Daily·3 min read·medium
Mbadi hits crypto permit speculators with 3-year rule
D
Dennis Musau
✦AI Summary
The Kenyan National Treasury has implemented new regulations requiring cryptocurrency license holders to begin operations within 12 months and hold their permits for at least 36 months before transferring them. These measures are designed to prevent speculative trading of regulatory licenses by ensuring only active, long-term businesses hold permits.
The National Treasury has introduced new restrictions on the transfer of cryptocurrency licences, requiring operators to hold and actively use their permits for at least three years before they can be sold or assigned to another party.
businesscryptopolitics
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