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Kenya vs Saint Lucia

Crypto regulation comparison

← Back to map | Kenya | Saint Lucia
Kenya

Kenya

Saint Lucia

Saint Lucia

No Regulation
No Regulation

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.

Saint Lucia has no specific cryptocurrency legislation. No income or capital gains tax. ECCB provides regional monetary oversight.

Tax Type Varies
Tax Type No tax
Tax Rate 1.5-3% (proposed digital asset tax)
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBK (Central Bank of Kenya), CMA (Capital Markets Authority)
Regulator Eastern Caribbean Central Bank (ECCB)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
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
Key Points
  • No specific cryptocurrency legislation
  • No income or capital gains tax
  • ECCB provides regional monetary oversight
  • DCash CBDC pilot in the ECCU region
  • Limited crypto adoption
Sources
Sources