The National Assembly Committee in Kenya has given its endorsement to the Capital Markets (Amendment) Bill, which aims to regulate and tax the digital currency market in the country. The bill, sponsored by Mosop MP Abraham Kirwa, has been approved by the committee and is now one step closer to becoming law.The proposed legislation seeks […]
The National Assembly Committee in Kenya has given its endorsement to the Capital Markets (Amendment) Bill, which aims to regulate and tax the digital currency market in the country. The bill, sponsored by Mosop MP Abraham Kirwa, has been approved by the committee and is now one step closer to becoming law.The proposed legislation seeks […]
A Nairobi-based technology company is aiming to revolutionize green insurance through its Ripple CBDC blockchain-based application. The company specializes in making environmental data available on the blockchain, providing crucial information such as vegetation cover, forest fire incidence, and rainfall levels. This data is essential for applications such as weather insurance.The company’s strategy is to leverage […]
A Nairobi-based technology company is aiming to revolutionize green insurance through its Ripple CBDC blockchain-based application. The company specializes in making environmental data available on the blockchain, providing crucial information such as vegetation cover, forest fire incidence, and rainfall levels. This data is essential for applications such as weather insurance.The company’s strategy is to leverage […]
A bill that classifies cryptocurrency assets as securities and imposes capital gains tax on them has passed a committee in the Kenyan parliament. The Capital Markets (Amendment) Bill, 2023, has been approved by the National Assembly’s Finance and National Planning Committee. The bill aims to regulate the trading of cryptocurrencies in Kenya and prevent proceeds […]
A bill that classifies cryptocurrency assets as securities and imposes capital gains tax on them has passed a committee in the Kenyan parliament. The Capital Markets (Amendment) Bill, 2023, has been approved by the National Assembly’s Finance and National Planning Committee. The bill aims to regulate the trading of cryptocurrencies in Kenya and prevent proceeds […]
A bill has been approved by the National Assembly’s Finance and National Planning Committee in Kenya, which defines crypto assets as securities and imposes capital gains tax on them. The bill aims to regulate the trading of cryptocurrencies in the country and prevent proceeds of crime and terrorism financing. If passed, Kenyans will be required […]
A bill has been approved by the National Assembly’s Finance and National Planning Committee in Kenya, which defines crypto assets as securities and imposes capital gains tax on them. The bill aims to regulate the trading of cryptocurrencies in the country and prevent proceeds of crime and terrorism financing. If passed, Kenyans will be required […]
Last week, tax authorities in the United Kingdom, Spain, and Brazil made announcements regarding the taxation of cryptocurrency holdings. In the UK, HMRC demanded that hodlers declare any previously unreported crypto holdings and reminded taxpayers of the daily interest charged on late payments. Spanish citizens were reminded of their obligation to declare crypto, even if […]
Last week, tax authorities in the United Kingdom, Spain, and Brazil made announcements regarding the taxation of cryptocurrency holdings. In the UK, HMRC demanded that hodlers declare any previously unreported crypto holdings and reminded taxpayers of the daily interest charged on late payments. Spanish citizens were reminded of their obligation to declare crypto, even if […]
