Kenya has frozen an undisclosed number of Binance accounts over suspected money laundering.
This has led to users reporting blocked access to their funds and difficulties withdrawing or converting crypto
You will pay for a bedsitter 3900 for 30 years, a deposit of 650K 😂😂😂😂😂 Kama uko 20 years, bado ukiwa 50 years utakua kwa bedsitter. @WilliamsRuto is a short-term thinker
Kenyans currently pay more in taxes on fuel than the actual cost to import the fuel.
The gov't charges Sh80.6 in taxes for every litre of Super Petrol, while the actual cost to import the fuel is only Sh79
Kenyans still pay more for cooking gas despite the Gov't removing a total of 13.5% in LPG taxes in 2023.
For instance, a 13-kg refill now costs Sh3,190, up from Sh3,069, despite a stronger shilling and lower global prices
Kenyan companies are now using cryptocurrencies like Bitcoin to pay foreign suppliers due to dollar shortages and a weak shilling.
An IMF survey shows more businesses are adopting crypto for international payments.