A recent survey revealed that 31% of Kenyan banks are inclined to support cryptocurrencies, including Bitcoin and Ethereum, in response to increasing illicit activities and the need for regulation.
The National Treasury has significantly reduced the crypto sales tax to 1.5%, incentivizing crypto usage in the country, where four million people are already active in digital assets.
The Kenya Digital Exchange has been launched, enabling asset trading on a blockchain platform, while the Virtual Asset Service Providers Bill 2025 mandates regulatory oversight for crypto firms.
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