Nigeria is getting ready to tax cryptocurrency! This means people who buy and sell crypto in Nigeria might have to pay taxes on it. The government wants to collect more money this way. It's like paying taxes on toys or candy, but for digital money.
This is happening because lots of Nigerians use cryptocurrency. It helps them when their money, called the naira, isn't doing so well. The government hopes to use this tax money to help the country.
They also want to give more licenses to companies that handle crypto, making things safer for people who use it.
- Nigeria will tax cryptocurrency transactions.
- This is to help the government get more money.
- They'll also give more licenses to safe cryptocurrency companies.
| Fact | Number |
|---|---|
| Nigeria's 2025 budget | 54.99 trillion naira ($36.4 billion) |
