submitted over 1 year ago by Abaho
- Kenya is planning to tax cryptocurrency exchanges for the commissions they earn from digital currency traders under new regulations.
- The Treasury Cabinet Secretary, Njuguna Ndung’u, published the regulations, requiring platforms facilitating the buying and selling of cryptocurrencies to pay a 1.5% tax on digital service transactions.
- This move aims to regulate and tax cryptocurrency trading in Kenya, following a bill presented to the Kenyan National Assembly in November 2022.
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