Treasury seeks identity of crypto owners in new bill

Treasury Cabinet Secretary, John Mbadi.

Photo credit: Bonface Bogita | Nation Media Group

The Treasury will compel virtual currency exchanges and wallet providers to disclose cryptocurrency owners, if MPs approve fresh changes to the law that seeks to rein in tax cheats, criminals and hackers.

The Virtual Assets Service Providers Bill of 2025 demands that the exchanges and wallet providers like Ledger and Trezor must end anonymity on the faces behind crypto under their watch.

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