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Kenya’s new proposed law could lead to the taxation of 4 Million crypto traders

Members of Kenya’s parliament are pushing for a law that would allow for the taxation of the country’s crypto traders. The bill in question if passed will ensure that an estimated four million Kenyan cryptocurrency traders would be taxed. Kenya’s government has remained adamant on regulating the country’s crypto market. A Kenyan parliamentary committee advances a bill to tax cryptocurrency traders.The proposed law targets an estimated four million crypto traders in the country.The move was driven by concerns over the lack of regulation.The idea to tax crypto traders in the East African country…