On January 13, the Nigerian government introduced a new tax law that links cryptocurrency transactions to real identities. The rule ties cryptocurrency transactions to real identities under Nigeria’s tax framework. The regulation ties crypto activity to verifiable identities within the tax framework and aims to strengthen traceability of digital asset activity. The measure broadens the scope of crypto tax compliance and signals the government’s intent to monitor digital assets more closely within Nigeria’s financial system.
Nigeria Enacts Tax Law Linking Crypto Transactions to Real Identities
Nigeria’s new tax law ties cryptocurrency transactions to real identities to boost traceability and compliance within the tax framework.
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