Tag: Crypto transactions
Nigeria introduces 7.5% VAT on crypto transactions
KuCoin, a cryptocurrency exchange, says it will commence collection of a 7.5 percent value-added tax (VAT) on transaction fees for users in ...FG lifts ban on cryptocurrency transactions
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ...Crypto transactions rise to $56.7bn as naira depreciates
Naira devaluation in 2022 pushed crypto transaction volume to $56.7bn year-on-year according to a report by Chainalysis. This is despite a ban ...