"Cryptocurrency exchange KuCoin will collect 7.5% VAT on transaction fees from Nigerian users from July 8. VAT only applies to transaction fees, not total transactions. 🤔 There are many concerns about the enforce this policy.#cryptocurrency#KuCoin #VAT"

"KuCoin's new VAT policy is controversial. Lucky Uwakwe, Chairman of BICCoN, questions the Nigerian government's checking of user numbers, accurate transaction reporting and ensuring VAT is properly paid.#KuCoin#VAT #Nigeria"

"Rume Ophi, a local cryptocurrency expert, said that VAT collection is a welcome development, showing that the government recognizes digital assets as a financial instrument. He hopes there will be regulation of money#cryptocurrency#Nigeria #VAT"

"Let's discuss KuCoin's new VAT policy for Nigerian users! What do you think about it?#KuCoin#VAT#Nigeria#cryptocurrency"