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BTCC / BTCC Square / Global Cryptocurrency /
Nigeria to Track Crypto Transactions Using National Identification Numbers and Tax Records

Nigeria to Track Crypto Transactions Using National Identification Numbers and Tax Records

Author:
Global Cryptocurrency
Published:
2026-01-13 12:35:02
11
2
BTCCSquare news:

Nigeria has introduced a groundbreaking tax law mechanism that will enable real-time tracking of cryptocurrency transactions through Tax Identification Numbers (TINs) and National Identification Numbers (NINs). The Nigerian Tax Administration Act (NTAA) 2025 aims to bring transparency to the largely opaque crypto market by linking transactions to national IDs and tax records.

Crypto exchanges and service providers are now mandated to collect and report clients' TINs and NINs, effectively integrating the crypto ecosystem into Nigeria's existing identity tracing system. This MOVE allows tax authorities to monitor crypto flows without direct blockchain access, matching transactions with income declarations for improved tax compliance.

The West African nation's approach combines financial surveillance with biometric data, as NINs LINK personal identification to fingerprints and facial recognition in the national database. This development marks a significant step in institutional oversight of digital asset transactions, potentially setting a precedent for other emerging markets.

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