Jan 13, 2026
Nigeria Enacts Crypto Tax Law Mandating Identity-Linked Transactions
Regulationblockchain tax compliancecrypto identity verificationcryptocurrency regulation NigeriaNigeria crypto tax lawNigeria digital assetsNigerian Tax Administration Act 2025Tax Identification Number cryptovirtual asset service providers
TLDR: Nigeria virtual asset providers must collect TIN and NIN from all customers under new Nigerian tax law. Monthly transaction reports to tax authorities become mandatory for crypto platforms starting 2025. Non-compliant providers face 100,000 naira fines initially, plus 10,000 naira for each month after. Large or suspicious crypto transactions must be reported to tax [...]
The post Nigeria Enacts Crypto Tax Law Mandating Identity-Linked Transactions appeared first on Blockonomi.
Source: Blockonomi →Related News
- 6 days ago
CLARITY Act Stirs Debate as Coinbase Pushes Back on Stablecoin Yield Restriction...
- 6 days ago
Crypto's CLARITY Act could be a headwind for DeFi tokens ring-fencing yield, ana...
- 6 days ago
Jane Street vs. Terraform Labs: How One Federal Lawsuit Is Putting Crypto Market...
- 1 week ago
Kalshi Faces Multi-State Lawsuits as Prediction Markets Labeled ‘Disguised Gambl...
- 1 week ago
Canada’s Bill C-25 Moves to Ban Crypto Donations from Federal Political Campaign...