A recently submitted measure suggests that Kenya’s parliament put a 3%  tax on cryptocurrencies and nonfungible token transfers as well as a 15%  tax on internet material that is commercialized.

The Finance Bill 2023, which was presented to the Kenyan parliament on  May 4, would implement a tax on “income derived from the transfer or  exchange of digital assets,” and it also contains specific language for  NFTs.

The National Assembly will go through five rounds of readings, committee  hearings, and reports on the measure; if it passes, the president will  give his or her final approval before it becomes law.