The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union’s efforts to improve working conditions and emergency response capabilities for firefighters in Kenya. By integrating bitcoin into their balance sheet, KENFIBA seeks to enhance its…
The Nairobi Securities Exchange has joined the Hedera Council to accelerate tokenization initiatives in Africa, leveraging the Hedera network’s technology and global reach. Expediting Uptake of Digital Assets Kenya’s main securities exchange, the Nairobi Securities Exchange (NSE), has joined the Hedera Council to accelerate tokenization initiatives using the Hedera network. By joining Hedera, the Kenyan…
The KRA’s new system will integrate with crypto platforms to track real-time transactions, aiming to curb tax evasion and fraud. Kenya plans to use AI and machine learning to enhance tax compliance and recover lost revenue from the growing crypto market. Tracking crypto transactions in real-time is something the Kenya Revenue Authority (KRA) is doing…