Kenyan crypto group submits policy proposals to regulators
VACC touted a review of the digital asset tax to the Kenyan technical working group on virtual assets regulations as part of its recommendations.
Policy
SARB governor opposes crypto lobbyists influencing government decisions
Kganyago is unmoved by calls for government-owned bitcoin reserves, claiming the cryptocurrency is no different from apples and beef.
Namibia shores up crypto regulations, grants provisional licenses to two crypto firms
The country wants these firms to meet its preauthorization requirements before they are fully licensed.
South Africa’s FSCA licensed 248 crypto firms in 2024
Pan-African exchange, Yellow Card, also secured an FSCA-issued financial service provider license late in the year
Zanzibar introduces blockchain sandbox for startups
The archipelago in Tanzania wants to position itself as a hub for technological innovation.
Kenya’s apex court upholds 3% Digital Asset Tax
Meanwhile, the KRA said it is working on a system to ensure real-time compliance with the tax regime.
South African taxman goes after crypto traders to rein in taxes
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.