Nov 21 2022

Kenya Debates New Crypto Tax Bill

published by Solomon Oladipupo
in blog CryptoCurrency – Finance Magnates | Financial and business news
original entryKenya Debates New Crypto Tax Bill

cryptocurrency cryptocurrency exchange crypto regulations crypto tax kenya

Lawmakers in Kenya are debating the Capital Markets (Amendment) Bill 2022 which seeks to introduce crypto taxation to crypto exchanges, digital wallets and individual transactions. Local publication Business Daily reports that a bill sponsored by MP Abraham Kirwa is seeking to introduce a 20% excise tax on every cryptocurrency transaction executed in the country.

According...

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