Kenya's Finance Bill 2026 proposes a 10% excise duty on fees charged by Virtual Asset Service Providers for crypto trading and related activities. The proposed tax rate is double the 5% tax on the betting industry in Kenya. The proposal has sparked renewed GenZ protests against the legislation, increasing operational costs for crypto platforms.
Proposed crypto excise duty
- ▪Kenya's Finance Bill 2026 proposes to introduce a 10% excise duty on fees charged by Virtual Asset Service Providers for crypto trading and other activities
VASP operational impact
- ▪The proposed excise duty on crypto platforms increases the cost of operations for Virtual Asset Service Providers
Comparison to betting tax
- ▪The proposed excise duty on crypto platforms will be double the 5% tax on the betting industry in Kenya
Perspective of GenZ protesters
- ▪GenZ protesters in Kenya have renewed demonstrations in opposition to the Finance Bill 2026's proposed crypto tax
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