🇰🇪 The Kenyan Parliament's Finance and National Planning Committee has called upon the local Blockchain Association (BAK) to draft regulations for virtual asset service providers within two months. Kenya aims to establish a clear regulatory framework for digital assets to maintain its leadership in the African digital asset market, where it ranks among the top three. Without such regulations, Kenya risks losing its position to competitors like Nigeria, Namibia, and Mauritius. 🌍💱 #KenyaCryptoRegulation #AfricanCryptoMarket 📜🚀

🇰🇪 An amendment to Kenya's Capital Markets Act, which introduces the definition of cryptocurrency asset securities and the imposition of capital gains tax, has been approved by the Financial Planning Committee of the Kenyan National Assembly. The amendment is set to be submitted to the lower house of the National Assembly. Committee Chairman Kimani Kuria emphasized the importance of this law in combating crime and terrorist financing while acknowledging that cryptocurrencies are already being traded by millions of Kenyans without proper regulation. The amendment aims to amend the tax code to impose taxes on cryptocurrency assets stored in cryptocurrency exchanges and digital wallets. 💼📜 #KenyaCryptoRegulation #CapitalMarketsAct 🚀🌍

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🇰🇪 Kenya's President says #Bitcoin  miner Marathon is consulting its National Treasury and Ministry of Energy about mining in Kenya.

"Kenya means business." 👀

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#KenyaCryptoRegulation #WilliamRuto #BitcoinMiningNews