Kenyan blockchain experts are challenging the legality of the crypto tax 🇰🇪 ₿
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The Blockchain Association of Kenya (BAK) has filed a petition to challenge the legality of Digital Asset Tax (DAT) which is meant to commence today, September 1. “The core focus of the petition is to thoroughly examine the legal and constitutional dimensions surrounding the imposition of this tax on digital assets,” says S.A Kakai, BAK's legal and policy director. According to Kakai, the association will appear in court on September 28, for the “mention of our interim application”.
The Blockchain Association of Kenya (BAK) has filed a petition challenging the legality of the Digital Asset Tax (DAT) introduced by the Kenyan government through the 2023 Finance Act. The DAT imposes a 3% tax on the transfer or exchange value of digital assets. BAK's legal and policy director stated that the petition aims to examine the legal and constitutional dimensions of this tax. Kenya is ranked second in Africa for crypto adoption, and the DAT has faced opposition due to unclear classifications of digital assets and concerns about unfair taxation. BAK plans to continue advocating for clarity in crypto regulations.
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