Kenya is considering introducing a new digital asset tax that would impose a 3% tax on cryptocurrency and nonfungible token (NFT) transfers and a 15% tax on monetized online content. The proposed bill, known as The Finance Bill, 2023, would require crypto exchanges and individuals to pay the tax on any income derived from the transfer or exchange of digital assets. The bill has received a mixed response online, with some praising the recognition of crypto and NFTs in the country while others see it as targeted harassment of the crypto community. This article will provide an overview of the proposed bill, the potential impact on the crypto industry, and the response from the community.
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Mkt Cap $2.30T
BTC Dom 56.73 %
BTC
$64,979.00
▲ +0.50%
ETH
$1,919.84
▲ +0.40%
USDT
$0.999419
▲ +0.00%
BNB
$595.05
▲ +1.00%
USDC
$0.999668
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.90
▲ +2.30%
TRX
$0.328872
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.74
▼ -3.10%
DOGE
$0.070277
▲ +1.40%
USDS
$0.999796
▲ +0.00%
RAIN
$0.012685
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$507.17
▲ +0.10%
ADA
$0.199684
▼ -0.80%
XMR
$379.60
▲ +2.70%
WBT
$56.24
▲ +0.50%
LINK
$8.32
▲ +0.90%
XLM
$0.163574
▲ +1.00%
DAI
$0.999943
▲ +0.00%
BCH
$216.74
▲ +0.60%
USD1
$0.999762
▲ +0.00%
USDE
$0.999578
▲ +0.00%
GRAM
$1.36
▲ +2.10%
Mkt Cap $2.30T
BTC Dom 56.73 %
BTC
$64,979.00
▲ +0.50%
ETH
$1,919.84
▲ +0.40%
USDT
$0.999419
▲ +0.00%
BNB
$595.05
▲ +1.00%
USDC
$0.999668
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.90
▲ +2.30%
TRX
$0.328872
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.74
▼ -3.10%
DOGE
$0.070277
▲ +1.40%
USDS
$0.999796
▲ +0.00%
RAIN
$0.012685
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$507.17
▲ +0.10%
ADA
$0.199684
▼ -0.80%
XMR
$379.60
▲ +2.70%
WBT
$56.24
▲ +0.50%
LINK
$8.32
▲ +0.90%
XLM
$0.163574
▲ +1.00%
DAI
$0.999943
▲ +0.00%
BCH
$216.74
▲ +0.60%
USD1
$0.999762
▲ +0.00%
USDE
$0.999578
▲ +0.00%
GRAM
$1.36
▲ +2.10%
BTC
$64,979.00
▲ +0.50%
ETH
$1,919.84
▲ +0.40%
USDT
$0.999419
▲ +0.00%
BNB
$595.05
▲ +1.00%
USDC
$0.999668
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.90
▲ +2.30%
TRX
$0.328872
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.74
▼ -3.10%
DOGE
$0.070277
▲ +1.40%
USDS
$0.999796
▲ +0.00%
RAIN
$0.012685
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$507.17
▲ +0.10%
ADA
$0.199684
▼ -0.80%
XMR
$379.60
▲ +2.70%
WBT
$56.24
▲ +0.50%
LINK
$8.32
▲ +0.90%
XLM
$0.163574
▲ +1.00%
DAI
$0.999943
▲ +0.00%
BCH
$216.74
▲ +0.60%
USD1
$0.999762
▲ +0.00%
USDE
$0.999578
▲ +0.00%
GRAM
$1.36
▲ +2.10%
Mkt Cap $2.30T
BTC Dom 56.73 %
BTC
$64,979.00
▲ +0.50%
ETH
$1,919.84
▲ +0.40%
USDT
$0.999419
▲ +0.00%
BNB
$595.05
▲ +1.00%
USDC
$0.999668
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.90
▲ +2.30%
TRX
$0.328872
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.74
▼ -3.10%
DOGE
$0.070277
▲ +1.40%
USDS
$0.999796
▲ +0.00%
RAIN
$0.012685
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$507.17
▲ +0.10%
ADA
$0.199684
▼ -0.80%
XMR
$379.60
▲ +2.70%
WBT
$56.24
▲ +0.50%
LINK
$8.32
▲ +0.90%
XLM
$0.163574
▲ +1.00%
DAI
$0.999943
▲ +0.00%
BCH
$216.74
▲ +0.60%
USD1
$0.999762
▲ +0.00%
USDE
$0.999578
▲ +0.00%
GRAM
$1.36
▲ +2.10%
