TechFlow news, February 18 — According to Bloomberg, Nigeria’s Securities and Exchange Commission (SEC) is revising its digital asset regulations, planning to bring cryptocurrency trading and digitalized transactions into the formal tax net. Nigerian regulators expect this move to generate significant additional tax revenue.
The SEC stated that the new rules will ensure all qualifying trades conducted on regulated exchanges are included in the formal taxation system. In addition, Nigeria plans to issue full licenses to cryptocurrency exchanges within 2025.
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