Nigeria plans to tax crypto transactions

Crypto investors in Nigeria could soon be subjected to higher costs for their digital assets investments. A Nigerian finance bill, which seeks to reform the countrys different tax regulations, contains provisions that allow the government to tax cryptos such as Bitcoin (BTC) and Ether (ETH), and other digital asset transactions. The finance bill, which aims to change the excise and duty statutes, has provisions that would enable the government to levy taxes on crypto and other digital currency transactions, according to Nigerias finance minister, Zainab Ahmed. The finance minister...


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