Crypto cash: Kenya’s new tax frontier

Kenya’s approach to cryptocurrency taxation reflects a broader global trend where governments seek to regulate and benefit from the digital economy.

Photo credit: Shutterstock

Cryptocurrency is a digital currency that operates through a decentralised computer network using blockchain technology.

The first cryptocurrency was created in the 1980s by cryptographer David Chaum through Digicash using cryptographic techniques to ensure privacy. Digicash later failed commercially due to centralised control and lack of adaptation.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.