Lawmakers in Kenya are currently advancing a law that would allow taxation of cryptocurrencies, according to Kenyan media outlet Business Daily. If the bill is approved, cryptocurrency investors in the country will have to pay capital gains tax to the Kenya Revenue Authority when they sell or use cryptocurrencies in transactions. According to a June report by the United Nations Conference on Trade and Development, 8.5 percent of the country’s population, or 4.25 million people, own cryptocurrencies.