AI, Robotics Bill Faces Criticism From Experts in Kenya
Information technology (IT) experts in Kenya have strongly advised the parliament to disregard the 2023 Robotics and Artificial Intelligence (AI) Society Bill because of its manifold deficiencies. As per reports from local media, the Communication, Information, and Innovation Committee of the National Assembly convened a session to commemorate International Safer Internet Day in 2024. During […]
Crypto Tax Bill Passes Kenyan Parliamentary Committee
A Bill that would classify crypto assets as securities and levy capital gains tax on them has passed a committee of the Kenyan parliament. The subsequent step is to present it to the lesser chamber of parliament. Business Daily, a Kenyan newspaper, reported on December 4 that the Finance and National Planning Committee of the […]
Kenya To Develop Cryptocurrency Regulatory Framework
Kenyan lawmakers have requested the local blockchain association and industry representatives to develop a regulatory framework for cryptocurrency; this might position the country as the first in the world to take this step. Kenya could become the first nation worldwide in which representatives of the cryptocurrency industry develop the regulatory framework. The Departmental Committee on […]
Kenya forms parliamentary committee to investigate Worldcoin
The Kenyan government has created a parliamentary committee investigating a controversial crypto project. The Worldcoin cryptocurrency project has encountered another barrier – this time in Kenya, where the government has appointed a 15-member parliamentary committee to study the controversial asset. The Kenyan government organized a 15-member committee headed by Narok West Member of Parliament Gabriel […]
Kenya Proposes New Bill for Crypto, NFT Transaction Tax
The Kenyan government is reportedly considering new tax measures affecting cryptocurrency transactions, online advertisement, and NFT transfers. On May 4, The Finance Bill 2023 was brought to the Kenyan parliament with a proposal to enact a tax on “income obtained from the exchange or transfer of digital assets,” with a particular provision for non-fungible tokens […]