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Kenya Debates New Crypto Tax Bill

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.

According to the Bill, if a person holds digital currency for under a... Read More

Posted: Nov 21 2022, 20:46
Author Name: financemagnates
Views: 110711

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