Kenya proposes 10% consumption tax on crypto platforms

The Kenyan government is seeking to impose a 10% consumption tax on Virtual Asset Service Providers (VASPs) through its 2026 Finance Bill, Cryptopolitan reported. The proposed legislation also requires crypto companies to pay a one-time licensing fee of 150 million Kenyan shillings and an annual renewal fee of two million shillings for local operations. Additionally, the bill includes a requirement for firms to submit annual reports containing user and transaction information.