Nigeria — Crypto tax backlash
Just days before Aug 9, Nigeria released new rules putting stamp duty and withholding tax on crypto transactions including stablecoins and NFTs. Industry body Digital Assets Coalition warned it would drive users off regulated platforms: “Tax the profit, not the movement of money.” Nigeria is one of Africa's largest retail crypto markets
Just days before Aug 9, Nigeria released new rules putting stamp duty and withholding tax on crypto transactions including stablecoins and NFTs. Industry body Digital Assets Coalition warned it would drive users off regulated platforms: “Tax the profit, not the movement of money.” Nigeria is one of Africa's largest retail crypto markets
Nigeria — Crypto tax backlash
Just days before Aug 9, Nigeria released new rules putting stamp duty and withholding tax on crypto transactions including stablecoins and NFTs. Industry body Digital Assets Coalition warned it would drive users off regulated platforms: “Tax the profit, not the movement of money.” Nigeria is one of Africa's largest retail crypto markets
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