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Kenya Proposes Bill to Tax Crypto
News

Kenya Proposes Bill to Tax Crypto



The Capital Markets (Amendment) Bill, 2022 would allow for the taxation crypto exchanges, digital wallets and transactions. Crypto investors in Kenya would have to pay capital gains tax to the Kenya Revenue Authority when they sell or use their crypto in a transaction, and the bill would also require investors to inform the Capital Markets Authority – the government’s financial regulator – on the details of their crypto ownership.

Source: Coindesk

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