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Crypto tax: Coalition warns FG of $92bn market risk

By Juliet Umeh The Digital Assets Coalition has urged the Federal Government to review the newly introduced Guidelines on the Taxation of Virtual Assets, warning that the framework could undermine Nigeria’s estimated $92 billion digital assets market and weaken its position as Sub-Saharan Africa’s leading cryptocurrency economy. The coalition, an alliance of digital asset operators […]

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Crypto tax: Coalition warns FG of $92bn market risk

Nigeria imposed crypto taxes (1.5% stamp duty + 1% withholding, Aug 3) on a $92bn market; operators warn users will flee to offshore platforms, cutting compliance. Taxing transaction flow instead of profit mirrors India and Kenya—both saw trading collapse—showing how poor regulatory design kills compliance and accelerates offshore shift.

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Crypto tax: Coalition warns FG of $92bn market risk

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Crypto tax: Coalition warns FG of $92bn market risk

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Nigerian govt issues guidelines on taxation of cryptocurrency, virtual assets, imposes penalties

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

Tax the Profit, Not Movement of Money, Digital Assets Coalition Tells FG

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

Nigerian govt issues guidelines on taxation of cryptocurrency, virtual assets, imposes penalties

Crypto tax: Coalition warns FG of $92bn market risk

Tax the Profit, Not Movement of Money, Digital Assets Coalition Tells FG