Kenya Wants Crypto Taxes Fast, but Offers Few Answers in Return

Kenya wants crypto taxes fast, but offers few answers in return

Kenya’s tax authority collected KES 10 billion ($77 million) in taxes from crypto traders in the financial year ending June 2024. On the surface, that figure suggests that digital assets, long outside formal systems, are finally being pulled into the state’s revenue net. But scratch beneath that number, and a more complex story emerges, one that speaks to regulatory uncertainty, technical blind spots, and the looming risks of designing a tax reg…

Kenya’s Crypto Tax Impact on Africa’s Digital & Fintech Growth: Risks & Opportunities

Kenya’s Proposed 1.5% Tax on Crypto Transactions Kenya’s introduction of a 1.5% tax on cryptocurrency transactions poses a significant threat to its status as a leader in the fintech sector. This move could drive startups and talented individuals to seek opportunities in other countries, thereby negatively impacting the digital integration landscape across Africa. The ongoing […]