CBK Introduces Stricter Regulations for Crypto Businesses in Kenya

The Central Bank of Kenya (CBK) has introduced new regulations for virtual asset businesses in the country. The regulations, which come in the form of Legal Notice No.134 of 2026, aim to provide a comprehensive framework for licensing and operating virtual asset service providers in Kenya.

Under the notice, stablecoin issuers will be required to maintain a minimum paid-up capital of Ksh300 million before they can operate. They must also maintain liquid capital of at least Ksh60 million or an amount equivalent to 100 per cent of their current liabilities for a minimum of 30 days, whichever is higher.

Virtual asset wallet providers will be required to maintain a minimum paid-up capital of Ksh150 million, while virtual asset exchanges must have at least Ksh100 million in paid-up capital. Providers facilitating Initial Coin Offerings (ICOs) will be required to maintain a minimum paid-up capital of Ksh20 million.