Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force

Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into ForceThe Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service tax (DST) came into force on […]

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Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes

Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud SchemesA trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ) announced last week that a Boston man has […]

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Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years

Nigeria Is Paxful's Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five YearsNigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria […]

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