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Kenya

Kenya is losing millions of dollars to digital currency fraudsters: report
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2 August, 2023

Kenya is losing millions of dollars to digital currency fraudsters: report

While the government focuses on taxing digital asset traders, investors lose millions of dollars to digital currency Ponzi schemes executed...
Only 18% of Africans have owned digital assets: report
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24 July, 2023

Only 18% of Africans have owned digital assets: report

The report also revealed that high-earning millennials are the most digital currency-savvy and that poorer countries like Namibia lead digital...
Kenyan president signs Finance Bill, demands 3% tax from digital asset traders
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5 July, 2023

Kenyan president signs Finance Bill, demands 3% tax from digital asset traders

The Finance Bill has come under heavy criticism for its new taxes, including a 3% tax on digital asset sales,...
CBDC not a priority for Kenya, central bank says
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9 June, 2023

CBDC not a priority for Kenya, central bank says

The bank issued a discussion paper a year ago, and after assessing the feedback, it says Kenya can solve its...
Kenya says CBDC not a priority, recommends survey on digital currency adoption
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26 May, 2023

Kenya says CBDC not a priority, recommends survey on digital currency adoption

Central Bank of Kenya says there are better ways to address financial inclusion with current payment systems and dismissed a...
Kenya to tax digital assets, NFTs in proposed bill
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9 May, 2023

Kenya to tax digital assets, NFTs in proposed bill

Kenya will impose a 3% tax on the transfer of digital assets and NFTs under the proposed 2023 Financial Bill...
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