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.
Kenya
97% of African countries struggle with crypto compliance: FATF
FATF’s latest review also reveals that 75% of jurisdictions globally fall short of crypto compliance.
Paxful co-founder pleads guilty to AML conspiracy charges, faces prison time
The plea comes after a tumultuous year for the P2P bitcoin exchange, which temporarily suspended operations in 2023.
Worldcoin to resume operations as Kenyan police drop investigations
The company has turned its fortunes around despite recommendations of a total shutdown and legal actions against it in Kenya.
USDT issuer Tether partners NODO for stablecoin education in Africa
The partnership comes amid an intensifying battle for stablecoin market share in Africa. Last year, stablecoin volume exceeded $30 billion.
Paxful partners with Onramp.Money to Introduce fiat-to-cryptocurrency service in Kenya
The Paxful-Onramp.Money link-up lets users buy crypto instantly with local money in 30 regions. Paxful says the deal improves liquidity on its platform.
Kenya and Namibia join 10 African countries on FATF grey list
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.