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BTCC / BTCC Square / Global Cryptocurrency /
Nigeria Implements Identity-Linked Tax Law for Crypto Transactions

Nigeria Implements Identity-Linked Tax Law for Crypto Transactions

Author:
Global Cryptocurrency
Published:
2026-01-14 07:37:02
6
1
BTCCSquare news:

Nigeria has enacted a new tax regulation requiring digital asset trades to be linked to real-world identities through Tax Identification Numbers (TINs) and National Identification Numbers (NINs). The Nigerian Tax Administration Act 2025 empowers authorities to connect crypto trading activity to individuals and corporations for tax purposes, without altering blockchain functionality.

Tech policy researcher Frank Eleanya notes this approach allows regulators to assess crypto's economic impact while preserving blockchain security. By tying wallet activities to government-issued identifiers, tax authorities gain direct oversight of crypto income—shifting from indirect monitoring to concrete accountability.

The move aligns Nigeria with global standards ahead of the OECD's Crypto Asset Reporting Framework implementation in 2026. With $92.1 billion in recorded transactions from July 2024 to June 2025, Nigeria's rapidly growing crypto market has become a significant revenue priority for regulators.

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