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Kenya vs Solomon Islands

Crypto regulation comparison

← Back to map | Kenya | Solomon Islands
Kenya

Kenya

Solomon Islands

Solomon Islands

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.

Solomon Islands has no specific cryptocurrency regulation.

Tax Type Varies
Tax Type None
Tax Rate 1.5-3% (proposed digital asset tax)
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBK (Central Bank of Kenya), CMA (Capital Markets Authority)
Regulator Central Bank of Solomon Islands
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No 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
  • Central bank has not addressed crypto regulation
  • Very limited internet infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources