🇰🇪 The IMF wants Kenya to reconsider parts of its crypto regulations, according to new reporting.
💵 Stablecoin reserves held locally
🏦 Capital requirements for crypto firms
⚖️ Stronger regulatory oversight
Could the proposed changes make Kenya more attractive to global stablecoin companies?
We break it down on Blockwisely.
#Kenya #Stablecoins #CryptoRegulation
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When prices fall, leveraged long positions get forced closed. That selling pushes prices lower, which triggers more liquidations.
A few hundred million in liquidations can therefore feel larger than the original news because of the feedback loop.
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The IMF has urged Kenya to require crypto platforms to collect and share sender and receiver identity details on transfers, in line with Travel Rule-style expectations.
How this is written into existing VASP rules will shape everyday use more than the headline itself.
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Between 2022 and 2026, stablecoin value received through peer-to-peer channels in Sub-Saharan Africa grew more than sixfold, from about $2.3 billion to $14.6 billion.
Bitcoin’s P2P value fell roughly 60% over the same stretch.
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Yellow Card has acquired Brazilian fintech GoMoney, expanding its stablecoin payment infrastructure into Latin America.
💰 Follows a $40M funding round
🇧🇷 Adds access to Brazil's Pix payment system
💵 Supports local payments and stablecoin settlement
Could Africa become a major exporter of financial technology?
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October US CPI came in hotter than expected at +0.4% month-over-month. Bitcoin traded near $73,500–$74,000 as rate-hike odds rose and spot ETF outflows continued.
Liquidations added pressure on the leveraged side.
Macro is still the dominant driver this week.
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High capital requirements protect users. They can also price out the smaller players who currently move the remittance and SME payment volumes that big banks ignore.
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IMF wants Kenya to identify people behind crypto transfers!
Under the proposed Travel Rule requirements, exchanges would share sender and receiver details.
But what about Binance, Trust Wallet and P2P trading? 👀
And how much privacy should crypto users give up?
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Kenya gave crypto businesses ONE YEAR to comply with its new licensing law.
That deadline ended November 4.
Yet there's still no publicly identified VASP licence register. 👀
Should exchanges be allowed to operate while awaiting approval?
Or should regulators enforce the deadline immediately?
What's your take?
If you had to pick one real-world job for stablecoins in Africa right now - remittances, trade settlement, or personal savings - which one is actually working best on the ground?
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Between 2022 and 2026, stablecoin value received via peer-to-peer channels in Sub-Saharan Africa grew more than sixfold (from $2.3B to $14.6B).
Bitcoin P2P value fell 60% over the same period.
$6.7 BILLION disappeared from stablecoin supply in just 7 days!
USDT: −$3.1B
USDC: −$1.31B
The biggest weekly supply drop of 2026.
But here's the twist: The money wasn't necessarily lost.
So where did it go?
Full story on Blockwisely 👇
#Crypto #Stablecoins
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Nigeria’s central bank has set a ₦15 billion capital requirement for issuers of dollar-pegged stablecoins.
The protection argument is clear. The open question is whether the bar still leaves room for the remittance and payment use cases already active in the market.
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US spot Bitcoin ETFs just posted their worst outflow week since June (~$1.28 billion).
Liquidations topped $1 billion as BTC hovered near $74,000–$75,000 and fear remained elevated.
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