A New Law In Kenya Aims To Tax Cryptocurrency Merchants’ Revenue

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Kenya is the recent nation to signal its intention to regulate the crypto market, focusing on taxing digital currency transactions as the sector grows.

Currently, Kenya’s crypto market is largely unregulated and 4 million investors have lost money as a result of the bear market.

When the specific assets are either sold or employed in a transaction, the proposed regulation attempts to impose capital gains for the higher market value of the crypto.

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