2025-1-12 17:22 |
Kenya is preparing legislation to regulate cryptocurrencies with a draft proposal open for public feedback until Jan. 24.
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Kenya’s Treasury Cabinet Secretary John Mbadi has announced plans for a draft policy aimed at regulating virtual assets and virtual asset service providers. Speaking on Friday, Mbadi said the proposed framework seeks to leverage the opportunities presented by cryptocurrencies while…
2025-1-11 22:49 | |
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Kenya's move represents a significant policy shift from their previous warnings about the crypto industry.
2025-1-11 20:53 | |
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Africa is warming up to regulated crypto, with Sponge’s compliance-focused relaunch attracting attention. In the wake of crypto’s legal victories and the subsequent surge in trading volume, Africa’s growing inclination towards globally regulated cryptocurrencies is becoming more apparent, with Kenya, Nigeria and South Africa at the forefront of taking measures to regulate their crypto markets. […]
2024-2-16 17:45 | |
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Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto tax will target cryptocurrencies and NFT transfers on exchanges and by individuals.
2023-5-5 14:25 | |
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The Reserve Bank of India (RBI) has stepped up its Central Bank Digital Currency (CBDC) project. The RBI has issued a 50-page concept note outlining their CBDC plans. Many countries around the world including the US, Kenya, Iran, Tanzania, Israel, and Ukraine are working on CBDCs since they serve as direct replacements for cryptocurrencies.
2022-10-9 16:42 | |
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A recent study by Brookerchooser which ranked all countries on their level of interest in cryptocurrencies over the last 12 months, has discovered Ukraine to be the global leader amongst nations with the highest number of citizens interested in digital currencies.
2021-10-18 13:59 | |
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Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud.
2021-6-15 14:30 | |
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The Kenyan central bank is having serious discussions with international players about pursuing a retail central bank digital currency, a top official said Monday. Patrick Njoroge, governor at the Central Bank of Kenya (CBK) told U.
2020-10-27 22:46 | |
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The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1. 5% on gross transaction value, local media reported.
2020-10-16 17:00 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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When you think of blockchain technology and cryptocurrencies in Africa, Uganda isn’t the first country that springs to mind. Instead, it’s the traditional tech titans in Africa that many associate with developments in the blockchain industry.
2019-2-24 00:44 | |
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Bitcoin Ecosystem Flourishes In Kenya Despite Regulatory Ban Many countries who have banned cryptocurrencies have seen the rise of the adoption. This shows that Bitcoin can be a perfect instrument to work your way around the stranglehold of governments and establishment financial noose.
2019-2-23 20:09 | |
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Cryptocurrencies and the underpinning blockchain technology have continued to transform lives in Africa. The technology has been applied in Kenya to boost agriculture by Twiga Foods. In Uganda, millions of households have been connected to solar power by a crypto initiative.
2019-2-12 23:03 | |
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Kenyan health services provider Health Land Spa has started taking BTC and other cryptocurrencies as a means of payment with a view to increasing accountability and averting losses. Across East Africa, cryptocurrency acceptance is on the rise, with at least two restaurants in Uganda and Kenya selling food for virtual currencies.
2018-12-11 07:50 | |
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When he heard about the prospect of a digital asset that had an ‘assured profit’ tag attached, Brenda Gatwiri knew she had to get herself some. Living in Kenya’s capital city, Nairobi, she hadn’t anticipated the headache that purchasing cryptocurrencies would turn out to be.
2018-11-2 21:12 | |
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Nouriel Roubini, an economist best known for his predictions of the 2008 housing bubble, and Peter Van Valkenburgh, Coin Center’s director of research, testified before the U.
2018-10-12 18:06 | |
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Some African Governments are on revenue generation drive by raising taxes to fund budget deficits. From Zimbabwe to Kenya, Uganda to Benin, the same scenario is playing out and mobile money is the prime target.
2018-10-4 14:38 | |
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On September 6, 2018, Kenya’s Institute of Economic Affairs (IEA) is hosting a public forum to examine the current regulatory framework for cryptocurrencies operating in Kenya. At the moment the Central Bank of Kenya does not approve of digital currencies in spite of great regional interest.
2018-9-4 21:00 | |
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The next couple of weeks will put Kenya through a tough decision making process, one that will in more ways than one determine the future of the country’s economic growth and seal the deal on whether Africa’s 7th most populous Country will partake in the revolution of digital currencies.
2018-7-6 03:07 | |
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In a couple of weeks, he is to give his report to parliament, advising them how to proceed with regulating cryptocurrencies. Japan Confirms Entrance Into the Crypto Space Decision in Two Weeks Henry Rotich.
2018-7-5 23:32 | |
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Kenya’s Treasury Secretary has been tasked with the responsibility of investigating the current state of cryptocurrency adoption in the country, which has so far been growing with no regulations. In a couple of weeks, he is to give his report to parliament, advising them how to proceed with regulating cryptocurrencies.
2018-7-5 21:25 | |
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The first Bitcoin ATM has been installed in Nairobi, making it the first in East Africa, which makes it possible to purchase Bitcoins and Litecoins instantly. The traders can purchase the cryptocurrencies for as little as $5, and they can pay for them in both dollars and Kenya shillings.
2018-6-20 13:30 | |
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Bancor has announced today it will launch a network of blockchain-based community currencies in Kenya. The new project is expected to combat poverty through the stimulation of local and regional commerce and peer-to-peer collaboration.
2018-6-19 01:01 | |
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