[Kenya Seeks Public Feedback on Draft Rules for Virtual Asset Service Providers and Stablecoin Support] Odaily Planet Daily News – Kenya's National Treasury has released a draft regulation for virtual asset service providers and initiated a public consultation period, with the deadline set for April 10. The draft provisions propose new reserve requirements for stablecoin issuers and a fee structure for token platforms. These draft rules originate from a special task force composed of multiple institutions, established in consultation with the Central Bank of Kenya and the Capital Markets Authority. Previously, the Financial Action Task Force (FATF) placed Kenya on the gray list in February 2024, citing deficiencies in the country's anti-money laundering and counter-terrorism financing framework. FATF had suggested that one of the necessary measures Kenya should take is to establish a licensing and regulatory legal framework for virtual asset service providers. (The Block)