The Kenya Revenue Authority (KRA) has announced plans to enhance its approach to crypto taxation, signaling a commitment to regulate and harness revenue from the burgeoning digital asset market. This move aligns with the global trend of governments seeking to establish clear frameworks for cryptocurrency taxation. According to a recent statement, the KRA intends to implement a comprehensive taxation system for crypto exchanges. This system will involve collecting user data, identifying taxpayers, and utilizing AI technology for real-time monitoring. By leveraging AI, the KRA aims to improve efficiency, transparency, and compliance in tax collection within the crypto sector. The KRA's initiative is a significant step towards bringing cryptocurrency transactions and exchanges under the purview of Kenya's tax regime. As the adoption and usage of cryptocurrencies continue to rise, it is crucial for governments to establish clear tax policies and regulations to ensure that the industry contributes its fair share to public revenue. This move by the KRA is expected to enhance Kenya's tax base and provide a framework for responsible taxation of cryptocurrency activities.