From the innovative invention of M-Pesa to the highest use of cryptocurrency, Kenya has long been known for its financial progress in recent years. The recent notice from the central bank of Kenya about taxation in cryptocurrency disturbed the smooth crypto flow in the country. This taxation of cryptocurrency has drawn the attention of numerous authorities that trades cryptocurrency or deals in any other activity related to cryptocurrency dealing in Kenya. Any activity that involves the use of cryptocurrency makes you subject to paying a 15% tax value to the government of Kenya. However, they have already increased the tax revenues on cryptocurrency than the tax values they started from.

Source: The Star May 10, 2021 20:03 UTC