Kenya’s apex court upholds 3% Digital Asset Tax
Meanwhile, the KRA said it is working on a system to ensure real-time compliance with the tax regime.
Crypto Regulation
South African taxman goes after crypto traders to rein in taxes
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.
Binance exec in Nigerian prison denied access to legal team amidst worsening health
Tigran Gambaryan’s legal team has not been allowed into the prison since July 26 while Gambaryan has suffered additional health complications.
Bank of Ghana issues draft guidelines for crypto regulation
Ghana’s apex bank has also asked for input from members of the public while it moves closer to establishing digital asset rules.
Seychelles approves landmark crypto bill to regulate virtual assets sector
Seychelles, long regarded as a crypto-friendly jurisdiction, is moving to rein in the digital asset industry within its borders as consumer complaints about crypto-related losses continue to rise.
Brief: Nigerian lawmakers push for crypto regulation
This comes amidst a topsy-turvy crypto regulatory environment in the West African country, marked by a significant crackdown on P2P trading.
Nigerian official confirms the investigation of Binance
The Office of National Security Adviser (ONSA) “is coordinating an interagency investigation into the operations of Binance,” according to ONSA’s head of strategic communications, Zakari Mijinyawa.