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

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The Digital Assets Coalition has urged Nigeria’s Federal Government to reconsider recent taxation guidelines for virtual assets, warning that these could jeopardize the estimated $92 billion digital assets market. The coalition highlighted risks to Nigeria’s leadership position in cryptocurrency within Sub-Saharan Africa.

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 […] The post Crypto tax: Coalition warns FG of $92bn market risk appeared first on Vanguard News.