Kenya Shifts Crypto Policy with US Bitcoin Mining Firm Marathon Digital as Consultant

In a significant policy shift, Kenyan President William Ruto recently announced the government’s decision to engage Marathon Digital, a prominent Bitcoin mining company based in the United States, as a consultant to review and revamp the country’s cryptocurrency regime. This…

Italy’s 2023 Budget Proposes 26% Crypto Income Tax

In addition to the recent actions taken by Portugal, another European country intends to raise taxes on cryptocurrency trading. The proposed budget for 2023 in Italy includes a provision that would tax capital gains from cryptocurrency at a whopping 26%.…

Kenya Seeks to Tax Crypto Owners and Recognize Cryptos As Securities In Proposed Law

Kenya is attempting to tax more than 4 million owners of digital assets through a new bill that, if passed, will put this quickly expanding sector under regulatory scrutiny for the first time ever in the East African nation’s history.…

Blockchain Based Insurance Platform Seeks to Cover Smallholder Kenyan Farmers

The Blockchain is becoming a big industry disrupter that cannot be ignored by even the staunchest of critics. One of the industries being impacted by the Blockchain in a major way is agriculture. A November 15 announcement by the Chainlink…

Akon’s Akoin Begins Testing Phase in Kenya

Akon has been in the news for the last few months and it hasn’t been about his music career. Off late, Akon has been all about crypto with his Akoin cryptocurrency making headlines. His plans of setting up a crypto…

UN Advises East Africa’s Largest Economy to Employ Blockchain Against Corruption

An official from the United Nations’ drugs and crime agency is advising East Africa’s largest economy Kenya, to explore Blockchain technology in its fight against corruption. According to David Robinson, the regional anti-graft advisor at the UN drug and crime…

Kenyan Metropolis to adopt Akon’s Akoin

Akon’s cryptocurrency company, Akoin has secured an agreement to become the main currency in Mwale Medical and Technology City MMTC in Western Kenya. Mwale Medical and Technology City is a $2 Billion metropolis with a medical and technology complex in…