Belize vs Kenya
Crypto regulation comparison
Belize
Kenya
Belize has no specific cryptocurrency legislation. The central bank has not banned crypto. No capital gains tax exists in Belize.
Kenya has no comprehensive cryptocurrency legislation, though it is one of Africa's leading crypto markets by adoption. The Central Bank has issued warnings but no formal ban. Kenya's 2023 Finance Act introduced a 3% Digital Asset Tax on income from digital asset transfers, signaling growing regulatory attention.
Key Points
- No specific cryptocurrency legislation
- Central bank has not banned crypto
- No capital gains tax in Belize
- Limited crypto adoption and infrastructure
- No licensing framework for crypto businesses
Key Points
- No specific cryptocurrency legislation, but the 2023 Finance Act introduced a 3% Digital Asset Tax
- CBK has issued multiple warnings about crypto but has not imposed a ban
- CMA considering a framework for digital asset regulation
- Kenya consistently ranks among the top countries globally for crypto adoption (P2P volume)
- M-Pesa mobile money dominance shapes how Kenyans access crypto via P2P exchanges