What IMF’s proposed crypto rule means for Kenyans

Kenya's cryptocurrency market has expanded rapidly, increasing the importance of closing regulatory gaps around the movement of digital assets.

Photo credit: Shutterstock

Kenyans wired a record Sh740 billion ($5.7 billion) worth of cryptocurrencies in the year to June.

Now, the International Monetary Fund (IMF) is pushing the country to enact laws that will create the Travel Rule.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.