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Why Kenya should rethink digital assets tax on crypto

Each crypto varies mainly in terms of the value but bear similar nuanced structure when it comes to the mining process, transfer and exchange.

Photo credit: Shutterstock

By  KIVINDYO MUNYAO

The Treasury has issued a public participation notice for comments on the Draft National Policy on Virtual Assets and Virtual Assets Service Providers as well as the Virtual Assets Service Providers Bill, 2024 and the Capital Markets (Amendment) Bill 2023 yet to be passed into law.

From a tax perspective there is need to rethink the digital assets tax.

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

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