Nigeria's Crypto Tax Blitz: New Rules, 1.5% Stamp Duty, and N10m Fines

Nigeria Revenue Service (NRS) today published its first formal guidelines for taxing virtual assets, bringing cryptocurrency, stablecoins, and digital tokens into the mainstream tax net. The framework covers taxpayers, exchanges, peer-to-peer platforms, and wallet providers, requiring transaction records, tax returns, and fair market value reporting. This is the first substantive follow-through to President Tinubu's July 18 executive order on virtual asset...