Kenya is advancing to strip away the anonymity that has for long defined cryptocurrency trading. The Finance Bill 2026, now before the National Assembly, proposes to compel virtual asset service providers (VASPs) exchanges, trading platforms, and wallet operators ,to annually identify their users and report full transaction records to the Kenya Revenue Authority (KRA).
The new bill unveils two new sections 6C and 6D into the Tax Procedures Act. Under these provisions, every crypto platform must file annual returns disclosing the identities of all “reportable” users, along with details of what they bought, what they sold, any profits made, and even crypto payments for goods and services. The pseudonymity that once shielded Kenyan traders from the taxman would effectively be gone.
Kenya is aligning with the OECD’s Cryptoasset Reporting Framework (CARF), a global standard already in force across more than 40 countries since January 1, 2026. From 2027, tax authorities in dozens of nations ,including EU states, Brazil, and South Africa will automatically share crypto financial data with each other. Kenya wants in.
Domestically, the pressure is equally strong. Traders are using crypto to pay for imports, diaspora communities are remitting billions via digital assets, and multinationals are repatriating profits through stablecoins — all largely outside the tax net. The KRA intends to change that.
For crypto platforms, compliance costs are set to rise sharply. For traders, the message is simple: your digital asset activity is no longer invisible to the taxman.
The bill builds on Kenya’s Virtual Asset Service Providers Act, 2025, which already established licensing requirements and KYC obligations for crypto firms. The Finance Bill 2026 adds the tax enforcement layer on top.
Parliament has opened the bill for public participation, meaning stakeholders can still influence its final form before it goes to a vote.
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Kenya’s crypto economy is growing fast. With this bill, the government is Reflecting its intends to tax every shilling of that growth and it is building the tools to do exactly that
