Nigeria is amending regulations to allow taxation of cryptocurrency transactions and digital transactions
2025-02-18 14:04:32
18 news Bloomberg reports Nigeria is changing regulations allowingdesk3cryptocurrencydesktopCrypto News
February 18 news, according to Bloomberg, Nigeria is amending regulations to allow taxation of cryptocurrency transactions and digital transactions, with the aim of increasing fiscal revenue. The Nigerian Securities and Exchange Commission said the agency is working on new rules "to ensure that all eligible transactions can enter regulated exchanges and be included in the formal taxation system", the agency said in response to questions via email. Currently, bills on taxation of cryptocurrency transactions and introduction of other taxes have been submitted to lawmakers and are expected to be passed this quarter.
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