150 million shilling license fee + 2 million annual fee, is this pricing strategy serious? The report also requires user details, privacy, and cost double whammy, Africa's position as a crypto hub is probably going to make way.

Kenya's 2026 Finance Bill proposes a 10% consumption tax on virtual asset service providers, double the 5% gambling tax, and sets a one-time license fee of 150 million Kenyan shillings and an annual renewal fee of 2 million Kenyan shillings, requiring submission of annual reports containing user and transaction details.
Analysis suggests this move could encourage platforms and users to migrate to friendlier countries, weakening Kenya's position in the African crypto market; protests led by Gen Z have erupted again in Nairobi and other areas, opposing taxes on digital services, cryptocurrencies, and financial transactions.