News with the tag "central bank of Kenya"

The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment ecosyst...

Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.” Njoroge said the Central Bank of Kenya will continue to point out the risks p...

The Central Bank of Kenya (CBK) has received over 100 comments from stakeholders, including the public, commercial banks, and tech firms, regarding the potential issuance of a central bank digital currency (CBDC). The comments highlighted the potential benefits and risks associated with a CBDC, prom...

The Kenyan government is reportedly considering new tax measures affecting cryptocurrency transactions, online advertisement, and non-fungible token (NFT) transfers. According to reports, the government is looking for new revenue streams to help finance its budget and is considering taxing these ind...

According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes on revenues earned ...