Nigeria is introducing taxes on cryptocurrency transactions to increase government revenues in the face of economic instability. The new law, expected to be adopted this quarter, is aimed at integrating operations on licensed cryptocurrency exchanges into the official tax system. This measure will help regulate the growing cryptocurrency market and also enhance investor protection through the licensing of centralized exchanges, which will reduce fraud risks and increase trust in the industry.
2/19/2025 7:47:36 AM (GMT+1)
Nigeria is introducing taxes on cryptocurrency transactions to boost government revenue and protect investors through the licensing of centralized exchanges
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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