yihebinance

Kenya’s Treasury Cabinet Secretary John Mbadi tabled the Finance Bill 2026 in Parliament on Friday, April 30, proposing wide-ranging amendments to the country’s tax framework. The bill entered its public participation phase on Monday, May 11, when the National Assembly formally invited written and oral submissions on the proposed amendments before review by the Departmental Committee on Finance and National Planning
The bill’s provisions on mandatory annual reporting requirements for virtual asset service providers (VASPs) operating in Kenya, and a restoration of a previous 20% withholding tax on gambling winnings are of key interest to cryptocurrency and iGaming sector participants.
Under proposed amendments to the Tax Procedures Act, VASPs facilitating exchange transactions, providing trading platforms on behalf of customers, or acting as counterparties or intermediaries would be required to file annual information returns with the Kenya Revenue Authority (KRA). A separate provision authorizes Kenya to enter international agreements for the automatic exchange of virtual asset tax information with partner jurisdictions, paving the way for cross-border data-sharing aimed at tackling offshore tax evasion through cryptocurrency platforms.
On the gambling side, the bill reintroduces the 20% withholding tax on winnings paid out by operators licensed under the Gambling Control Act, 2025, reversing the Finance Act 2025’s removal of the same levy. The proposed framework layers the 20% on winnings on top of the existing 5% withholding on withdrawals, applicable to both residents and non-residents. The bill also expands the definition of “amount deposited” for excise purposes to cover chips, tokens, credits, and any cash equivalents transferred for gambling, capturing all forms of value used at betting platforms regardless of their account structure. Mobile phone excise duty would rise from 10% to 25%, payable at the point of mobile network activation rather than import.
The Kenya Revenue Authority is targeting KSh 2.985 trillion in tax revenue for the fiscal year beginning July 2026. The bill text currently lists July 1 next year as the effective date, which legal analysts at Cliffe Dekker Hofmeyr – a major Africa-focused law firm with an active Kenya tax practice – have flagged as erroneous and expected to be amended to July 1, 2026, with certain digital reporting requirements scheduled for January 1, 2027. Tightening regulated gambling and crypto reporting in the same legislative vehicle narrows the conventional regulator-crackdown-to-crypto-offshore migration pathway for affected sectors.
#YiHeBinance
#xmucanX
#CryptoWatchMay2024
#FlokiCoin
#KEEP_SUPPORT

A U.S. Army service member is facing civil enforcement action tied to prediction market trading, marking a significant escalation in regulatory scrutiny of event contracts. The Commodity Futures Trading Commission (CFTC) said on April 23, 2026, it filed a complaint alleging insider trading tied to sensitive government operations, highlighting concerns about how nonpublic information intersects with emerging betting markets.
The CFTC said the complaint was filed against Gannon Ken Van Dyke of North Carolina, accusing him of using classified information related to a U.S. operation involving Nicolás Maduro. The agency noted:
CFTC Chairman Mike Selig wrote on X: “I’ve been crystal clear: anyone who engages in insider trading in any of our markets will face the full force of the law.” The CFTC is seeking restitution, disgorgement, civil penalties, trading bans, and a permanent injunction.
The “Eddie Murphy Rule” refers to Section 4c(a)(4) of the Commodity Exchange Act, which bars members of the government, including service members, from using nonpublic government information in prediction markets and other markets within the CFTC’s jurisdiction. The CFTC said this case marks the first time it has used the rule to bring charges based on alleged misuse of government information
The CFTC claimed Van Dyke used nonpublic details tied to “Operation Absolute Resolve” to purchase more than 436,000 “Yes” shares on Polymarket in a contract tied to Maduro’s removal by Jan. 31, 2026. The filing states the trades generated more than $404,000 in profits. The DOJ separately alleged Van Dyke profited approximately $409,881 from related prediction market trading.
The DOJ indictment, unsealed in Manhattan federal court, alleges Van Dyke used classified information from his role in “Operation Absolute Resolve” to place trades on Polymarket. Prosecutors said he accessed classified, nonpublic national defense information and placed bets before any public disclosure, positioning himself to profit from the anticipated outcome. Authorities also stressed the national security risks tied to the conduct, noting the defendant participated in operational planning and violated a duty of confidentiality tied to his role. Selig added:
Federal prosecutors stated the conduct involved misuse of sensitive national defense information, aligning with parallel criminal charges filed in the Southern District of New York. Director of Enforcement David I. Miller warned: “The defendant abused that trust by misappropriating extremely sensitive information regarding U.S. military operations, and by doing so, placed the lives and security of our service members at risk.”
#UNIUSDT
#YiHeBinance
#tobechukwu
#cryptouniverseofficial
#receita_federal

Binance has always been talking about a grand goal: scaling from 300 million users to 3 billion users.
@CZ
Maybe many people think this is just pie in the sky.
But after I recently finished reading Mr. Zhao's (CZ) new book 'Freedom of Money' (Life at Binance), my personal understanding has definitely been refreshed.
In July 2017, Binance officially launched. Back then, BNB had already faced a significant dip. Who would have thought that 9 years later, Binance would boast 300 million users, becoming one of the world's top exchanges?
@Yi He
Especially recently, I've been seeing the one and only He Yi pushing Binance's new features: AI Agent (AI trading), batch transfers (financial payments), and Binance Chat (private social networking), among others.

Pope Leo XIV has addressed tens of thousands of faithful near Angola’s capital, urging the country to overcome “divisions” and “corruption” during a landmark tour of Africa.
Speaking at an open-air Mass on Sunday in the town of Kilamba on the outskirts of Luanda, Leo addressed the country’s civil war-scarred past that he said has brought “enmity and division, squandered resources and poverty”.
Today, there is a need to look to the future with hope and to build that hope. Do not be afraid to do so,” Leo said
The pontiff arrived in the Portuguese-speaking nation on Saturday for the third leg of a four-nation tour of the continent, which began in Algeria and Cameroon and will also include a stop in Equatorial Guinea.
At a meeting with Angolan officials, including President Joao Lourenco, Leo spoke out against the “suffering” and social and environmental “disasters” caused by the rampant exploitation of natural resources.
The remarks in Angola, which endured a decades-long civil war that ended in 2002, continued a theme of Leo’s 11-day tour, during which he has delivered pointed warnings against corruption and the plunder of the continent’s resources
The first United States-born pope has also delivered remarks seen as critical of the US-Israeli war in Iran and US policy, including calling US President Donald Trump’s threat to end Iran’s civilisation “unacceptable”
The pontiff’s rhetoric has put him at odds with Trump, who last week called the Catholic leader “weak” and “terrible for foreign policy”
Leo said he is not afraid of the Trump administration and will continue to speak out against war. But travelling from Cameroon to Angola on Saturday, Leo also said he has no interest in starting “a new debate” with the US president
Many people who attended the Mass at Kilamba arrived early in the morning in anticipation
“The pope coming here is a joy,” said ‌Sister Christina Matende, who arrived about 6am (05:00 GMT). “We are living in a moment of a lot of difficulties, and we are waiting for the blessing of the pope
From Kilamba, Leo is to travel 110km (70 miles) by helicopter to the town of Muxima, Angola’s most venerated pilgrimage site, where a 300-year-old church overlooks a river that was once a major slave-trading route
The church, with a statue of the Virgin Mary known affectionately as “Mama Muxima”, draws roughly two million pilgrims a year and large crowds are expected to meet the pope there.
The pope is then due to travel more than 800km (497 miles) from the capital to visit a retirement home in Saurimo, where he will celebrate another Mass before departing for Equatorial Guinea.
Catholic lawyer Domingos das Neves said the pope’s focus on social justice was welcome in Angola, which is struggling with “stark social asymmetries and inequalities”
“Angola is in great need of a guiding light to illuminate our collective efforts both within ecclesiastical institutions and the state, so that we do not forget the poor and the destitute,” das Neves told the AFP news agency
#ETHETFsApproved
#Robertkiyosaki
#YiHeBinance
#jasmyustd
#KEEP_SUPPORT