Kenya Proposes 3% Tax For Cryptocurrency And NFTs Transfers

  • Kenya’s lawmakers are considering a bill to impose a 3% tax on cryptocurrency and non-fungible tokens (NFTs) and a 15% tax on monetized online content.
  • The digital assets section of the bill has received mixed responses online.
  • About 8.5% of Kenya’s population, or 4.25 million people, own cryptocurrency, ranking the fifth country in the world regarding global crypto adoption.

A least they are not banning it. I think its a great start which will make it more legal to do things. Well done Kenya :clinking_glasses:

1 Like