Kenya plans to establish a tax system that integrates crypto exchange data to monitor crypto transactions in real time

Odaily News The Kenya Revenue Authority (KRA) has proposed to establish a tax system integrated with cryptocurrency trading platforms to enable real-time monitoring of transactions. Under the system, KRA will capture key information of each transaction, such as transaction time and value. The tax department said that the current system cannot track cryptocurrency transactions, resulting in a large amount of tax loss. (Bitcoin.com)