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The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, … Read more
The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa. Go to Source Powered by WPeMatico
The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Go to Source Powered by WPeMatico
The region’s traders are highly aware of scams and avoid them. Go to Source Powered by WPeMatico
‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said. Go to Source Powered by WPeMatico
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent onchain in the last year. The total … Read more
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Go to Source Powered by WPeMatico
BNB seems to have failed to meet certain standards on Binance’s Uganda platform. Go to Source Powered by WPeMatico
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect … Read more
Crypto is truly a global asset class. Go to Source Powered by WPeMatico
