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Originally published by The Standard Business
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May 18, 2026
1w ago

Kenya blockchain industry urges faster stablecoin adoption amid new digital asset rules

Kenya blockchain industry urges faster stablecoin adoption amid new digital asset rules

Kenya’s fintech and blockchain industry is stepping up calls for faster adoption of stablecoins as a solution to Africa’s costly and slow cross-border payment systems...

✨ Key Highlights

Kenya's fintech and blockchain industry is advocating for increased adoption of stablecoins to enhance cross-border payments, a call amplified at the Kenya Blockchain and Crypto Conference (KBCC) in Nairobi.

  • Industry leaders and regulators met to discuss how blockchain-based currencies can solve costly and slow cross-border payment systems, where transfers can take up to two weeks.
  • Key organizations and individuals involved include Sheila Waswa, founder of Chasing Mavericks; Apollo Sande, Kenya country manager at Luno; and Kevin Kegima of YogoPay.
  • The Kenyan government, through the Nairobi International Financial Centre Authority, is working with the Central Bank of Kenya and the Capital Markets Authority to finalize regulations for virtual asset service providers, aiming to position Nairobi as a digital finance hub.

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