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BTCC / BTCC Square / Global Cryptocurrency /
Nigeria Implements Identity-Linked Crypto Tax Tracking Through NTAA 2025

Nigeria Implements Identity-Linked Crypto Tax Tracking Through NTAA 2025

Author:
Global Cryptocurrency
Published:
2026-01-13 07:01:02
17
3
BTCCSquare news:

Nigeria's finance ministry has enacted a groundbreaking measure under the Nigeria Tax Administration Act 2025, tethering cryptocurrency transactions to national identity systems. The MOVE transforms Africa's largest crypto economy from a regulatory gray zone into a monitored financial sector.

Tax Identification Numbers (TINs) and National Identification Numbers (NINs) will serve as cryptographic anchors, creating an audit trail from blockchain activity to taxpayer records. Exchange platforms now face mandatory reporting requirements, effectively ending pseudonymous trading.

The policy leverages Nigeria's existing biometric ID infrastructure to close tax gaps. As Central Bank Governor remarked last quarter: 'Digital assets cannot remain fiscal islands in a connected economy.'

Market analysts note parallels with India's 30% crypto capital gains tax, though Nigeria's approach focuses on transactional visibility rather than punitive rates. The mechanism allows real-time reconciliation between crypto flows and declared income.

|Square

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