Business Daily·3 min read·medium
Treasury drops cap on crypto ownership in investor boost
D
Dennis Musau
✦AI Summary
The Kenyan National Treasury has removed a proposed 33.3 percent ownership cap on cryptocurrency exchanges and wallet providers in its final VASP regulations. This change is intended to attract more investment by aligning the sector with standard corporate governance structures.
The National Treasury has scrapped a proposal that would have capped ownership in cryptocurrency exchanges, wallet providers and stablecoin issuers at one-third, easing a restriction that experts had warned would discourage investment in Kenya's virtual assets sector.
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