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š°šŖ Kenya just imposed a 1.5% tax on all cryptocurrency transactions.
This move makes Kenya one of the few African nations actively taxing crypto activity.
Whether you're buying, selling, or trading ā the government gets a cut. šø
š What does this mean?
ā Reduced trading margins
ā Pressure on local crypto platforms
ā A possible shift to P2P or offshore exchanges
The world is watching how emerging markets regulate crypto. Kenya just took a big step.
#CryptoNews #Kenya #Regulation #bitcoin #BinanceSquare
This move makes Kenya one of the few African nations actively taxing crypto activity.
Whether you're buying, selling, or trading ā the government gets a cut. šø
š What does this mean?
ā Reduced trading margins
ā Pressure on local crypto platforms
ā A possible shift to P2P or offshore exchanges
The world is watching how emerging markets regulate crypto. Kenya just took a big step.
#CryptoNews #Kenya #Regulation #bitcoin #BinanceSquare
Kenya Considers 1.5% Crypto Tax, Sparking Concerns for Fintech Sector
Kenya is considering a new Digital Asset Tax (DAT) that would impose a 1.5% tax on all cryptocurrency transactions. While the government aims to expand its tax revenue, critics are concerned this move could threaten Kenya's position as a leader in financial technology (fintech) in Africa.
Key points from the article:
Risk to Fintech Leadership:Ā The proposed tax could increase transaction costs, potentially driving users and crypto-related businesses to other African countries with more supportive policies, such as Rwanda and South Africa.Impact on Users:Ā The tax may push many users, particularly young and tech-savvy individuals, towards informal or peer-to-peer trading channels to avoid the levy, which could undermine the goal of regulation.Regulatory Balance:Ā Kenya is also working on a Virtual Asset Service Providers (VASP) Bill for 2025. This bill aims to improve compliance and combat illicit financial activities, but some critics worry that parts of the draft could infringe on citizen privacy without proper safeguards.Proposed Solutions:Ā Instead of a blanket tax, the article suggests a more nuanced approach, including tiered taxation based on transaction size, creating "innovation sandboxes" for testing new ideas, ensuring privacy is a priority in compliance, and rolling out regulations in phases.
In essence, the article argues that while regulation is necessary, Kenya's proposed 1.5% crypto tax could stifle innovation and harm its standing as a fintech hub if not implemented carefully.
#tax #Kenya #Regulation #fintech #cryptotax
Key points from the article:
Risk to Fintech Leadership:Ā The proposed tax could increase transaction costs, potentially driving users and crypto-related businesses to other African countries with more supportive policies, such as Rwanda and South Africa.Impact on Users:Ā The tax may push many users, particularly young and tech-savvy individuals, towards informal or peer-to-peer trading channels to avoid the levy, which could undermine the goal of regulation.Regulatory Balance:Ā Kenya is also working on a Virtual Asset Service Providers (VASP) Bill for 2025. This bill aims to improve compliance and combat illicit financial activities, but some critics worry that parts of the draft could infringe on citizen privacy without proper safeguards.Proposed Solutions:Ā Instead of a blanket tax, the article suggests a more nuanced approach, including tiered taxation based on transaction size, creating "innovation sandboxes" for testing new ideas, ensuring privacy is a priority in compliance, and rolling out regulations in phases.
In essence, the article argues that while regulation is necessary, Kenya's proposed 1.5% crypto tax could stifle innovation and harm its standing as a fintech hub if not implemented carefully.
#tax #Kenya #Regulation #fintech #cryptotax
š°šŖ Kenya's New Crypto Tax Alert! ā”ļø
A 1.5% tax on crypto transactions has just been rolled out, shaking up Africa's fintech scene! š°š„
Is this a game-changer for the crypto market? š Letās discuss the impact! šØ
#kenyaonbinance #BinanceAlphaAlert
#BTC110KSoon? #Kenya
follow for life changing information news and insights ā¤ļøššš
A 1.5% tax on crypto transactions has just been rolled out, shaking up Africa's fintech scene! š°š„
Is this a game-changer for the crypto market? š Letās discuss the impact! šØ
#kenyaonbinance #BinanceAlphaAlert
#BTC110KSoon? #Kenya
follow for life changing information news and insights ā¤ļøššš
Big news! šØ Filings reveal major crypto players like Solana, Uniswap, and Consensys quietly donated millions to Trump's inauguration. Meanwhile, Bitcoin's facing a crucial test at $88.5K ā will it break the bearish trend? Plus, DeFi Technologies is launching the Kenya Digital Exchange, bringing tokenized assets to Africa! š #Crypto #Bitcoin #Trump #Kenya #DeFi
President Ruto is having backlash for wanting to send Kenyan boots on the ground in Haiti.
Protesters think he is playing America's dirty job amidst issues he needs to tackle in his own country.
What do you think?
#PEPEā #kenya #haiti #EarnFreeCrypto2024 #usa
Protesters think he is playing America's dirty job amidst issues he needs to tackle in his own country.
What do you think?
#PEPEā #kenya #haiti #EarnFreeCrypto2024 #usa
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Kenya Launches Digital and AI Skills Hub
Kenya, in partnership with the United Nations Development Programme (UNDP) and Microsoft, has established the Africa Digital and AI Skills Competency Hub.
The centre aims to equip public sector workers with digital and AI skills to improve service delivery across Africa.
The hub aligns with Kenyaās National Digital Master Plan and focuses on themes such as human-centered problem solving and strategic visioning.
The centre aims to equip public sector workers with digital and AI skills to improve service delivery across Africa.
The hub aligns with Kenyaās National Digital Master Plan and focuses on themes such as human-centered problem solving and strategic visioning.
Truth be said.
90% are selling their PI COINS I can't wait for them to say that they couldn't have sold it earlier š¤£š #trending #forextrader #kenya
90% are selling their PI COINS I can't wait for them to say that they couldn't have sold it earlier š¤£š #trending #forextrader #kenya
The Venom Foundation and Kenyan Government join forces to transform Africa's blockchain landscape by establishing a dynamic blockchain hub in Africa.
#Africa #blockchain #Web3 #venom #kenya
https://blockchainreporter.net/venom-partners-with-kenyan-government-to-establish-groundbreaking-blockchain-hub/
#Africa #blockchain #Web3 #venom #kenya
https://blockchainreporter.net/venom-partners-with-kenyan-government-to-establish-groundbreaking-blockchain-hub/
#Kenya Jambo. Very new here.
Just traded some coins, and now i'm stranded on how to withdraw to mobile wallet.
Kindly advise.
Just traded some coins, and now i'm stranded on how to withdraw to mobile wallet.
Kindly advise.
In April, the U.S. announced a surprise 10% tariff on imports from several African countries, including Kenya, leaving many businesses scrambling to adapt mid-year.
With no clear path forward, whether the tariffs will rise, hold, or be rolled back Kenyan businesses are facing tough questions around pricing, sourcing, and competitiveness.
In this Op-Ed, Kevin Ng'ang'a, Kenya Country Lead at Verto , breaks down what the new tariffs mean for trade, operations, and economic resilience.
#EconomicAlert #Kenya #ETHš„š„š„š„š„š„ $DOGE $DIA
With no clear path forward, whether the tariffs will rise, hold, or be rolled back Kenyan businesses are facing tough questions around pricing, sourcing, and competitiveness.
In this Op-Ed, Kevin Ng'ang'a, Kenya Country Lead at Verto , breaks down what the new tariffs mean for trade, operations, and economic resilience.
#EconomicAlert #Kenya #ETHš„š„š„š„š„š„ $DOGE $DIA
KENYA LEADING ACROSS AFRICAš°šŖ
>In crypto currency investment and adoption .
Kenya is undeniably the leading force in cryptocurrency investment across Africa, with an unparalleled surge in digital currency adoption. In 2024 alone, over 15 million Kenyans, representing nearly 30% of the country's population, have embraced cryptocurrency as part of their financial portfolio. This places Kenya far ahead of other African nations in terms of per capita crypto adoption.
The financial commitment to crypto in Kenya is equally extraordinary. Kenyan investors have poured a staggering $40 billion into the digital asset market, outpacing every other African nation by a wide margin. This surge in investment is driving not only a revolution in personal wealth but also fueling the growth of a thriving crypto ecosystem, with over 5,000,000 new crypto accounts opening each month.
The Kenyan government and financial institutions are also backing this crypto movement, creating a favorable regulatory environment that has made Nairobi the crypto capital of Africa. Kenyan blockchain startups are raising millions in funding, and several have gained international recognition, attracting investors from Silicon Valley and beyond.
This booming crypto market has created new opportunities for job growth, with tens of thousands of Kenyans now working in the blockchain and digital finance sectors. Kenyaās crypto revolution is setting the stage for an economic transformation that will make it one of the worldās leading players in the digital economy.
$BTC
#Kenya
>In crypto currency investment and adoption .
Kenya is undeniably the leading force in cryptocurrency investment across Africa, with an unparalleled surge in digital currency adoption. In 2024 alone, over 15 million Kenyans, representing nearly 30% of the country's population, have embraced cryptocurrency as part of their financial portfolio. This places Kenya far ahead of other African nations in terms of per capita crypto adoption.
The financial commitment to crypto in Kenya is equally extraordinary. Kenyan investors have poured a staggering $40 billion into the digital asset market, outpacing every other African nation by a wide margin. This surge in investment is driving not only a revolution in personal wealth but also fueling the growth of a thriving crypto ecosystem, with over 5,000,000 new crypto accounts opening each month.
The Kenyan government and financial institutions are also backing this crypto movement, creating a favorable regulatory environment that has made Nairobi the crypto capital of Africa. Kenyan blockchain startups are raising millions in funding, and several have gained international recognition, attracting investors from Silicon Valley and beyond.
This booming crypto market has created new opportunities for job growth, with tens of thousands of Kenyans now working in the blockchain and digital finance sectors. Kenyaās crypto revolution is setting the stage for an economic transformation that will make it one of the worldās leading players in the digital economy.
$BTC
#Kenya
fake for the person want to only paid the money, the email paid only one time, and edit the mail for need paid the money more. wish GOD destroy who fake.
#usa #Kenya #Tradeszio #Destroyed #fakeout
#usa #Kenya #Tradeszio #Destroyed #fakeout
š¢Breaking News: Kenya Embraces Crypto Regulation šØ š
In a significant shift from its previous cautious stance, Kenya is advancing towards regulating cryptocurrencies. On January 10, Treasury Cabinet Secretary John Mbadi announced the government's commitment to establishing a comprehensive legal and regulatory framework for cryptocurrencies š.
š The Draft Proposal: A New Era for Crypto in Kenya
The draft proposal, titled 'National Policy on Virtual Assets and Virtual Asset Service Providers,' aims to create a fair, competitive, and stable market for cryptocurrencies in Kenya š. It addresses potential risks such as money laundering, terrorism financing, and consumer protection issues šØ. The proposal seeks to provide a comprehensive legal and regulatory framework governing virtual asset activities and virtual asset service providers (VASPs) š.
š A New Chapter for Crypto Adoption in Africa
Kenya's move towards regulation could lead to increased adoption and growth in the crypto market š. The country ranks 21st globally on the Chainalysis Crypto Adoption Index, with stablecoin transactions accounting for nearly half of the total transaction volume in the region š. Between July 2023 and July 2024, Kenya received $3.3 billion worth of stablecoins, with Nigeria leading the region with $21.8 billion in stablecoin transaction volume š.
š„ Public Feedback and the Future of Crypto Regulation in Kenya
Public feedback on the draft proposal is open until January 24 š . If approved, Kenya could join other African nations like South Africa and Nigeria, which have already implemented cryptocurrency regulations š. This development marks a significant milestone in Kenya's journey towards embracing cryptocurrencies and providing a secure and regulated environment for crypto enthusiasts š.
#USJobsSurge256K
#Kenya
#cryptouniverseofficial
$BTC
š The Draft Proposal: A New Era for Crypto in Kenya
The draft proposal, titled 'National Policy on Virtual Assets and Virtual Asset Service Providers,' aims to create a fair, competitive, and stable market for cryptocurrencies in Kenya š. It addresses potential risks such as money laundering, terrorism financing, and consumer protection issues šØ. The proposal seeks to provide a comprehensive legal and regulatory framework governing virtual asset activities and virtual asset service providers (VASPs) š.
š A New Chapter for Crypto Adoption in Africa
Kenya's move towards regulation could lead to increased adoption and growth in the crypto market š. The country ranks 21st globally on the Chainalysis Crypto Adoption Index, with stablecoin transactions accounting for nearly half of the total transaction volume in the region š. Between July 2023 and July 2024, Kenya received $3.3 billion worth of stablecoins, with Nigeria leading the region with $21.8 billion in stablecoin transaction volume š.
š„ Public Feedback and the Future of Crypto Regulation in Kenya
Public feedback on the draft proposal is open until January 24 š . If approved, Kenya could join other African nations like South Africa and Nigeria, which have already implemented cryptocurrency regulations š. This development marks a significant milestone in Kenya's journey towards embracing cryptocurrencies and providing a secure and regulated environment for crypto enthusiasts š.
#USJobsSurge256K
#Kenya
#cryptouniverseofficial
$BTC
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Kenyan Court Orders Sam Altman's Crypto Project to Delete Biometric Data: A Wake-Up Call for Worldcoin?
On 06/05/2025, the High Court of Nairobi, Kenya, ruled that Sam Altman's Worldcoin project must delete all biometric data collected in Kenya within 7 days under government supervision, increasing global pressure on the company. Is this the end of Worldcoin's ambitions? Let's analyze in detail.
Ruling in Kenya: Violation of Privacy Rights
The court ruled that #Worldcoin (formerly called Worldcoin), and their agents collected biometric data (iris scans) without valid consent from the Office of the Data Protection Commission (ODPC), using cryptocurrency (token $WLD ) as a 'club' to lure users, violating the principle of voluntary consent. Joshua Malidzo Nyawa, a lawyer from the Katiba Institute ā the suing organization, called this a 'victory for privacy in Kenya.' He emphasized: 'Privacy is a constitutional right, violations can occur if procedures like data security impact assessments are not followed. Consent after being lured with money or crypto is illegal.' Worldcoin has not immediately responded to requests for comment.
Ruling in Kenya: Violation of Privacy Rights
The court ruled that #Worldcoin (formerly called Worldcoin), and their agents collected biometric data (iris scans) without valid consent from the Office of the Data Protection Commission (ODPC), using cryptocurrency (token $WLD ) as a 'club' to lure users, violating the principle of voluntary consent. Joshua Malidzo Nyawa, a lawyer from the Katiba Institute ā the suing organization, called this a 'victory for privacy in Kenya.' He emphasized: 'Privacy is a constitutional right, violations can occur if procedures like data security impact assessments are not followed. Consent after being lured with money or crypto is illegal.' Worldcoin has not immediately responded to requests for comment.
Cryptocurrencies to Be Legalized in Kenya
A local newspaper cites Treasury Cabinet Secretary John Mbadi as saying that Kenya is about to make a policy change by introducing legislation to legalize cryptocurrency.
Mbadi, in a Friday speech, detailed the government's intentions to establish regulations for the cryptocurrency business, which has been operating underground despite a formal prohibition.
Speaking on Kenya's banking industry, Mbadi praised it as an example of African creativity and progress. "New possibilities and threats have emerged in the global and domestic financial systems as a result of the development and expansion of virtual assets and the businesses that provide these services."
Kenya should reap the advantages of the cryptocurrency market while minimizing its hazards, according to Mbadi, who acknowledged the perils of cryptocurrencies include fraud, money laundering, and terrorist funding.
Additionally, he said that the Kenyan government is dedicated to developing the appropriate legal and regulatory framework to take advantage of VAs and VASPs while mitigating the dangers that come with them.
Global Monetary Fund Calls on Kenya to Set Clear Crypto Regulations
Improving financial literacy and creating a level playing field in the cryptocurrency industry are two goals of the proposed regulation.
In a recent statement, the International Monetary Fund (IMF) asked Kenya to address consumer protection and financial crime issues associated to cryptocurrencies by developing rules. This approach is in line with those demands.
On January 8, the International Monetary Fund (IMF) published a technical assistance study in which it highlighted problems with Kenya's present strategy for regulating cryptocurrency.
This change in regulation has the potential to make Kenya a regional center for blockchain innovation while also addressing systemic issues, as the country joins an increasing number of African governments that are adopting bitcoin.
#Kenya #USJobsSurge256K #BTC $BTC
A local newspaper cites Treasury Cabinet Secretary John Mbadi as saying that Kenya is about to make a policy change by introducing legislation to legalize cryptocurrency.
Mbadi, in a Friday speech, detailed the government's intentions to establish regulations for the cryptocurrency business, which has been operating underground despite a formal prohibition.
Speaking on Kenya's banking industry, Mbadi praised it as an example of African creativity and progress. "New possibilities and threats have emerged in the global and domestic financial systems as a result of the development and expansion of virtual assets and the businesses that provide these services."
Kenya should reap the advantages of the cryptocurrency market while minimizing its hazards, according to Mbadi, who acknowledged the perils of cryptocurrencies include fraud, money laundering, and terrorist funding.
Additionally, he said that the Kenyan government is dedicated to developing the appropriate legal and regulatory framework to take advantage of VAs and VASPs while mitigating the dangers that come with them.
Global Monetary Fund Calls on Kenya to Set Clear Crypto Regulations
Improving financial literacy and creating a level playing field in the cryptocurrency industry are two goals of the proposed regulation.
In a recent statement, the International Monetary Fund (IMF) asked Kenya to address consumer protection and financial crime issues associated to cryptocurrencies by developing rules. This approach is in line with those demands.
On January 8, the International Monetary Fund (IMF) published a technical assistance study in which it highlighted problems with Kenya's present strategy for regulating cryptocurrency.
This change in regulation has the potential to make Kenya a regional center for blockchain innovation while also addressing systemic issues, as the country joins an increasing number of African governments that are adopting bitcoin.
#Kenya #USJobsSurge256K #BTC $BTC
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