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Kenyan MPs launch law changes for cryptocurrency taxation.

Kenyan legislators launch law changes for cryptocurrency taxation

The bill will now move to the next stage, where members of parliament will discuss and propose any changes they think are needed. If approved, it will be sent to the President for final approval.

FSCA receives 128 crypto license applications

South African financial regulator receives 128 crypto license applications

The number of applications received in November surpassed October’s total of 93 applications.

Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers

Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers

The island has seen more activity from global crypto companies than most African countries due to its relaxed KYC guidelines and loose virtual asset regulations.

IMF expands Kenya’s financing package to $938 million

IMF expands Kenya’s financing package to $938 million

The additional funding will strengthen the country’s reserves before its $2 billion Eurobond payment in June.

South African tax body adopts crypto-assets reporting framework

South African tax body adopts crypto-assets reporting framework

SARS wants to integrate the Crypto Asset Reporting Framework (CARF) into national law as part of its commitment to regulatory measures.

Mauritius wants to integrate the metaverse into its financial system

Mauritius wants to integrate the metaverse into its financial system

Integrating the metaverse into Mauritius’ financial sector can birth new financial innovations, the Financial Service Commission wrote.

Exclusive: Kenyan lawmakers task lobby group to draft crypto bill

Exclusive: Kenyan lawmakers task lobby group to draft crypto bill

The National Assembly’s Departmental Committee on Finance and National Planning has directed the Blockchain Association of Kenya to prepare the first draft of what could become a virtual asset service provider’s bill.