The government also proposed setting an upper limit of 5,000 New Zealand dollars ($3,000) for international cash transfers.
One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”
IMF recommended that Kenya overhaul outdated regulations, address scams and align its crypto framework with global standards for financial stability.
HashKey Europe has entered Ireland following its approval for a VASP license under MiCA regulations, enabling various crypto services.