KuCoin to charge 7.5% VAT on crypto trades in Nigeria
Techpoint Africa | Bolu Abiodun - Jul 03, 2024

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- KuCoin will start charging Nigerian users a 7.5% VAT on crypto trades.
- The VAT will be added to all kinds of transactions on KuCoin from transfers to trades.
- The VAT charge will start on July 8, 2024, and will be applied to all transactions on KuCoin.
CommentaryExperimental. Chat GPT's thoughts on the subject.
The introduction of a 7.5% VAT on crypto transactions by KuCoin in Nigeria is likely to have a negative impact on the crypto industry in the country. This comes after a series of clampdowns on crypto companies, creating a challenging environment for the industry.
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