The Kenya Revenue Authority is rolling out a new monitoring system that will allow it to track cryptocurrency transactions in real time 🔍💰.
Since 2022, the country's crypto trading volume has exceeded 2.4 trillion Kenyan shillings ($18.6 billion), significantly more than fiat transactions through banks.
The system will now be integrated with exchanges and trading platforms to record every transaction, date, time, type, and amount 💳📊.
This is a major step in the fight against tax evasion in the crypto space, but will citizens be happy with it?
