Crypto Taxation Set to be Decided by Kenya’s regulators

The crypto-affiliated recommendation, Kenya’s five- member controllers ’ forum said it has also resolved to coordinate the development of a frame that promotes the relinquishment of arising technology and inventions within the fiscal services sector.

The forum noted that the relinquishment of block chain technology in fiscal service would help in reducing cost, time and crimes while perfecting effectiveness in banking deals. It added that this would also produce openings for new business models that will make banking services more accessible to all Kenyans.

The recommendations were made at a meeting held in Nairobi on Friday last week.

The forum noted that block chain technology is gaining fashionability as an volition to being systems used by banks, which are prone to playing attacks and fraudulent conditioning.