Bitcoin Thrives in Kenya’s Slums: Will New Tax Legislation Hinder Progress?

Kenya is experiencing a surge in Bitcoin adoption, particularly within informal settlements and slums like Kibera. Despite the growing popularity of Bitcoin as a payment method for merchants and community workers, concerns are mounting about potential hurdles to its continued growth. A proposed 1.5% crypto tax in the Virtual Asset Service Providers (VASP) Bill 2025 is raising eyebrows, prompting uncertainty about its impact on this burgeoning sector.