Nigeria to tax cryptocurrency transactions as government tightens digital asset rules
Nigeria is revising its digital asset regulations to include taxation of cryptocurrency transactions. The Central Bank of Nigeria lifted the ban on cryptocurrency transactions in December 2023.
Nigeria’s SEC to fast-track crypto licencing in 2025
The SEC plans to accelerate the issuance of crypto licenses in 2025 as part of its regulatory efforts. Provisional licenses have been granted to Nigerian crypto startups Quidax and Busha under the ARIP.
