New crypto tax rules spark industry concerns over 1.5% stamp duty - Businessday NG

New crypto tax rules spark industry concerns over 1.5% stamp duty - Businessday NG

Nigeria released its first comprehensive crypto tax framework, imposing 1.5% stamp duty on fiat conversions; industry warns compounding taxes could drive traders to unregulated channels. For tech leaders: compliance-heavy regimes risk creating market incentive for opacity rather than formalization—a cautionary signal for emerging-market crypto governance.