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Before you stay silent on crypto regulation in Kenya, this is what other countries have:
KENYA VASP Regulations 2026
➜Exchange: Required to pay up Ksh 150M plus Ksh 2M license fee to operatehere.
➜Wallet Provider: Ksh 150M paid-up capital plus Ksh 500K license fee.
➜Payment Processor: Ksh 50M paid-up capital plus Ksh 200K license fee.
➜Stablecoin Issuer: Ksh 500M paid-up capital.
NIGERIA ISA 2025
➜Exchange/VASP: Ksh 47M paid-up capital with proposed increase to Ksh 94M.
➜Registration fee: Ksh 2.82M
GHANA VASP Act 2025
➜Minimum capital threshold: Ksh 57M
➜Specific license fees not yet published.
South Africa literally lets you in for under Ksh 20,000 but Kenya wants Ksh 150 million before you serve your first user.
Isn't this ridiculous?