Kenya’s tax regulator is coming for crypto transaction records
- Kenya's Finance Bill 2026 proposes mandatory reporting of crypto transactions to the Kenya Revenue Authority.
- Penalties for false or missing information in crypto reporting could include fines and prison time.
- MTN announced a $6.2 billion deal to buy back telecom towers from IHS Towers, reversing a previous asset-light strategy.
The regulatory changes in Kenya's crypto landscape reflect a growing trend towards oversight in digital finance, which could stifle innovation if not balanced with the needs of users and businesses. MTN's strategic shift raises questions about the future of telecom infrastructure in Africa, while Bolt's fare increase highlights the ongoing struggle between operational costs and consumer affordability in the ride-hailing sector.
