Nigeria Moves to Track Crypto Transactions Under New Tax Law

Nigeria is set to implement a groundbreaking tax initiative that will make cryptocurrency transactions traceable through the Nigeria Tax Administration Act (NTAA) 2025. The legislation leverages Tax Identification Numbers (TIN) and National Identification Numbers (NIN) to LINK digital asset flows to individual taxpayers, marking a significant leap in the country's ability to monitor crypto activity.

The MOVE aligns with the OECD's Crypto-Asset Reporting Framework (CARF), which took effect globally in January 2026. Nigerian tax authorities will now gain visibility into both domestic and cross-border crypto transactions, enabling them to cross-reference digital asset movements with declared income.

This development mirrors regulatory steps taken by other jurisdictions like the UK, where crypto platforms already collect customer identification data. The Nigerian government positions the measure as a critical tool against tax evasion in the rapidly growing digital asset sector.