Published 3 days ago • loading... • Updated 2 days ago

Nigeria to tax cryptocurrency transactions for revenue boost - WorldNL Magazine

Summary by Cryptocurrency News | Cryptocurrency Prices | Market Cap

Nigeria is planning to amend digital asset regulations to tax crypto transactions, a move it believes will bring in substantial revenue.

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

18 Articles

All

Left

Center

Right

Bitcoin.com

Nigeria Eyes Crypto Tax Revenue – Taxes Bitcoin News

Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring transactions on licensed cryptocurrency exchanges into the formal tax […]

2 days ago

Read Full Article

Bitcoinist

Crypto Tax Incoming: Nigeria Eyes Digital Assets for Revenue Boost

Nigeria’s governance of digital assets has progressed with the enactment of its taxation policy on digital currency transactions, as reported. The government’s aim is to improve revenue collection and incorporate digital assets into its fiscal system by levying a 10% tax on capital gains from cryptocurrency transactions. Government Pushes For Crypto Taxation According to Bloomberg, the Nigerian government levied a 10% tax on profits from the sal…

2 days ago

Read Full Article

coinspaidmedia.com

Nigeria to Tax Cryptocurrency Transactions

Nigerian authorities are revising digital asset regulations to impose taxes on cryptocurrency transactions conducted on exchanges. The Nigerian Securities and Exchange Commission (SEC) announced that it’s developing new rules to... Сообщение Nigeria Introduces Taxation on Crypto Exchange Transactions появились сначала на CoinsPaid Media.

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.

Nigeria to Introduce a Tax on Crypto Transactions

Nigeria plans to revise its digital asset regulations to include a tax on cryptocurrency transactions.

2 days ago

Read Full Article

TechCabal

How Nigeria’s 2021 ban crushed crypto startups and forced others to adapt

When Franklin Peters founded the crypto startup Bitfxt in 2017, he set out to provide three solutions: a crypto payment gateway, a cross-border remittance product, and a crypto trading platform. At its peak in 2019, Bitfxt was processing “tens of millions” of transactions annually. The company was in the middle of a fundraising round when a seismic event changed its trajectory. On February 5, 2021, the Central Bank of Nigeria (CBN) barred banks …

2 days ago

Read Full Article

Bitcoin Insider

Nigeria Introduces Tax Framework for Cryptocurrency Transactions

TLDR Nigeria’s SEC is developing new regulations to tax cryptocurrency transactions on regulated exchanges A comprehensive crypto tax framework bill is expected to be approved in Q1 2025 The country plans to issue full crypto exchange licenses this year for centralized platforms KuCoin has already implemented a 7.5% VAT on trading fees for Nigerian users [...] The post Nigeria Introduces Tax Framework for Cryptocurrency Transactions appeared fir…

3 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year