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Kenya

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...
Africa: Blockchain startups sees 429% surge in funding in 2022
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27 April, 2023

Africa: Blockchain startups sees 429% surge in funding in 2022

A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io...
Kenya views digital currencies as securities under incoming legislation
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14 April, 2023

Kenya views digital currencies as securities under incoming legislation

Under the new bill, digital currencies can only be introduced to the Kenyan market if the assets underwent product development...
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