Tag: kenya

Nov 21 2022

Kenya Debates New Crypto Tax Bill

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.


Oct 27 2022

Coinbase Backed Mara Set To Introduce Crypto Wallet Service Across Africa

Oct 27 2022 Published at Bitcoinist.com under tags  africa crypto crypto news kenya mera

Many continents make impressive progress in the crypto space, and Africa is not left out. Many people and even businesses from Africa have plunged into crypto sphere. Gradually, digital assets are becoming a lucrative option in the continent. Such growth in crypto adoption has drawn the attention of crypto projects to the continent. Mara is one of the projects focusing on African countries...

Aug 17 2022

Kenya’s Crypto Crowd Expects Better Experience With President-Elect

Kenya's Crypto Crowd hopes that William Ruto will be more crypto-friendly because he is the younger candidate, and his campaign is geared toward young people. Local crypto experts "assume" that William Ruto, who will be the next president of Kenya, is a better hope for Kenya's Crypto Crowd than Raila Odinga, who lost the election. […] The post...

Jul 11 2022

Crypto Adoption Rate In Kenya Highest In Africa – Here’s Why

The rate of digital currency adoption in Kenya is unlike any other country in Africa. The United Nations reports that Kenya has the highest proportion of its people holding cryptocurrencies in Africa, highlighting the country's exposure to the unfolding digital currency market crash. According to a research done by the United Nations Conference on Trade and Development (UNCTAD), around 4.25 million Kenyans, or...

Jun 02 2022

Kenya’s Largest Power Provider To Offer Geothermal Energy To Bitcoin Miners

KenGen, Kenya’s largest energy producer, plans to deliver excess geothermal energy to bitcoin miners in the region.Kenya’s largest producer of electricity intends to deliver excess geothermal energy to bitcoin miners. Geothermal energy in the region is estimated to be above 14,000 MW with 10,000 MW located along the Rift Valley circuit.Over 80% of KenGen’s power is renewable energy,...

May 24 2022

Report: African crypto startups venture funding grows by over 1000% in 2022

The African Blockchain Report 2021 by Crypto Valley Venture Capital (CV VC) and Standard Bank has revealed that crypto startups in Africa saw more venture funding in the first quarter of 2022 than in 2021....

Mar 18 2022

Crypto Scams Have ‘Robbed’ Kenyans Of $120 Million Last Year

Crypto scams are victimizing more and more unsuspecting Kenyans. The cabinet secretary of Kenya's Ministry of Information and Technology, Joe Mucheru, announced during a conference addressing the threats to law and order in the country that the past financial year, Kenyans lost almost $120 million to crypto scams. According to reports, Kenyans are being dragged into many of these situations since they don't...

Feb 12 2022

Central Bank of Kenya Releases Discussion Paper on CBDCs

Central Bank Digital Currencies (CBDCs), a phenomenon that took over the global financial system in 2021, is now getting popular among African economies.

Jan 13 2022

With Bitcoin, Africa Is Becoming The Undisputed Leader of Financial Liberation

With a population rapidly adopting Bitcoin, Africa is dismissing classic narratives and becoming the world’s epicenter for the financial future.Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people in Africa are teaching us about its true...

Sep 15 2021

Data: Bitcoin (BTC) adoption grows 1,200% in Africa

The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report...

Aug 28 2021

Aug 23 2021

Kenya does more peer-to-peer crypto trades than anywhere else in the world

Aug 23 2021 Published at CryptoSlate under tags  adoption africa kenya nigeria p2p

According to the recent Global Crypto Adoption Index 2021 report by Chainalysis, Kenya leads the world when it comes to crypto transactions in terms of peer-to-peer (P2P) trading. The East African country’s peer-to-peer exchange trade stands ahead of the over 150 surveyed countries, ahead of other African superpowers like Nigeria, South Africa, and Ghana....

Aug 20 2021

Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021

Aug 20 2021 Published at CryptoSlate under tags  adoption bitcoin kenya nigeria

In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global...

Apr 29 2021

Peer-To-Peer Bitcoin Trading Rising Across Africa

Apr 29 2021 Published at Bitcoin Magazine under tags  africa culture kenya nigeria p2p

The conditions for growth are ripe as the continent embraces the freedom of Bitcoin.Bitcoin was developed with the intent of putting financial control back in the hands of the people. In the years since its inception, Bitcoin adoption has grown worldwide. Recently, there has been a sharp increase in peer-to-peer bitcoin trading across Africa.According to data from...

Dec 10 2020

Kenyans Can Now Buy and Sell Crypto Through Paxful’s P2P Marketplace

Dec 10 2020 Published at CoinDesk under tags  business kenya markets news p2p

Paxful has partnered with Kenya-based remittance network BitLipa to allow users to buy and sell bitcoin and the tether stablecoin.

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