ChainNews: Kenya’s Ministry of National Treasury will cut the minimum fully paid-in capital requirement for stablecoin issuers by 40% to $2.32 million, below the $3.9 million threshold in last March’s draft rules. The Central Bank of Kenya (CBK) will regulate stablecoin issuers and other virtual asset service providers, and may require local platforms to stop providing offshore token issuance services. The framework requires that at least 30% of customer funds be held in independent trust accounts at Kenyan commercial banks, with the remaining funds invested in eligible local assets. Fiat-backed stablecoin reserves must be consistent with the pegged currency. Issuers must maintain the higher of $463.3k in liquid capital or 100% of liquid liabilities, hold eligible reserve assets on a 1:1 basis, conduct quarterly stress tests, submit monthly reserve and transaction reports, and ensure customers can redeem tokens at face value within two business days.