Kenya’s digital asset tax: death knell for crypto adoption?
The Kenyan government passed the Digital Assets Tax into law, mandating crypto users to pay a 3% tax anytime they exchange an asset.
Kenya
Worldcoin denies using free tokens to induce users to sign up
Worldcoin CEO appeared before the Kenyan Parliament to defend the company’s operations and here are key insights from the session.
Trade in cryptocurrency not illegal: CBK Governor
The committee also summoned the CBK governor to explain why the Bank failed to detect the Worldcoin token payments made to Kenyans via M-Pesa.
Crypto adoption on the rise in Cameroon, amidst growing concerns of Ponzi schemes - study
Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.
Worldcoin probe: Journalists denied access to committee meeting in Kenya
Worldcoin’s orb, used to scan people’s eyeballs, was confiscated by the DCI from the operators and is in their custody.
Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala
The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.
Blockchain Association of Kenya drags government to court over crypto tax
BAK holds the view that the newly introduced regulation is harsh and could stifle blockchain innovation.