Crypto :
Honestly I see some random folks like me on it ,concerning Binance and Nigeria
my takes

1.The CBN has data you random peeps don't have so it's not your fight leave the have(s) to battle it out

2.Its simple provide Ur data to the regulators even if it is against the privacy policy, a state can exclusively demand for your business data ,ask the european folks here, a lot of them have been fined even giants like meta ,Amazon and co .$26bn transact you clearly cannot dictate

3.even if you think crypto barely affects currency liquidity it does

4.mind you I am against the banning but it should be regulated for who knows, same Binance can be threshold for money launderers, why cause no regulation and funny the same corruption you complain about
Binance to the detriment of your country funny

5. If the US cashed out from their case Nigeria may as well do too😁🤝

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Indonesia mulling changes to dual taxation on crypto: Report

The Commodity Futures Trading Regulatory Agency of Indonesia has urged a reevaluation of the country’s 0.1% capital gains tax and 0.11% VAT on crypto transactions.

Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has reportedly asked the nation’s Ministry of Finance to assess its stance on cryptocurrency taxation.

According to a recent local report, executive staff members at Bappebti have requested to reassess the government-imposed value-added tax (VAT) of 0.11% on each crypto transaction in Indonesia, as well as the 0.1% income tax on crypto.

Tirta Karma Senjaya, head of the Bureau of Market Development and Development at Bappebti explained the reason behind this is that crypto is on track to becoming an integral part of Indonesia’s broader economy in the near future.

“Because later on, cryptocurrencies will become part of the financial sector, we expect a commitment from the Directorate General of Taxes to evaluate these taxes
he report further noted that total government revenue from crypto taxes in Indonesia reached the equivalent of approximately $2.49 million in January.

“In January 2024, the revenue from cryptocurrency taxes reached Rp39.13 billion,” the report noted.
In April 2022, Indonesia implemented the 0.1% capital gains tax on crypto investments, as well as the 0.11% VAT tax. Cointelegraph reported that the nation did this as crypto is a “commodity as defined by the Trade Ministry” and not a currency.

On Feb. 14, it was reported that Gibran Rakabuming Raka, the vice presidential candidate running with presidential candidate Prabowo Subianto, won the presidential election with roughly 58% of the vote.

Gibran recently stated that his political party planned to focus on providing Indonesia’s younger population with opportunities in the crypto and blockchain space.

Meanwhile, the number of crypto holders in Indonesia has increased by more than 11%, from 11.2 million in 2021 to 12.4 million in 2023.

According to the BBC, the Nigerian government is asking for a $10 billion fine against Binance. Bayo Onanuga, the special adviser on information and strategy to President Bola Tinubu, disclosed this on Friday in an interview with the BBC.claimed that Binance profited from "illegal transactions" at the expense of the country's interests and that Binance affected foreign exchange rates through speculation on the country's currency, causing the naira to fall by nearly 70% in recent months. Binance is already under investigation in Nigeria after two Binance executives were detained there this week
Following the steps of the united states after slapping the crypto power house a huge fine of $4.3bn back in 2023
The CBN bank governor believes the crypto power has a major play in the dipping of the nigerian naira
Cryptocurrency trading platform Binance has made the decision to remove the Nigerian currency, the naira, from its peer-to-peer (P2P) service, prompting discontent and concern among Binance users in Nigeria.
This development coincides with reports that two Binance executives have been detained in Nigeria, with their passports confiscated. The executives had traveled to Nigeria to address the country’s ban on crypto exchange websites.
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