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#Nigerian crypto tax move is ‘premature’ – local stakeholders The Finance Act, 2023, which was signed into law on May 28 has been implemented, according to comments made by #ObinnaIwunna, president of the #Stakeholders in Blockchain Technology Association of Nigeria (#SIBAN ). Iwunna asserts that the law's hastily enacted nature will make its successful application difficult. The act contains a number of #tax adjustments intended to update the nation's budgetary structure. A 10% tax on gains from the sale of digital assets, such as cryptocurrency, was one of its stipulations.

#Nigerian   crypto tax move is ‘premature’ – local stakeholders
The Finance Act, 2023, which was signed into law on May 28 has been implemented, according to comments made by #ObinnaIwunna ,  president of the #Stakeholders   in Blockchain Technology Association of Nigeria (#SIBAN   ). Iwunna asserts that the law's hastily enacted nature will make its successful application difficult.
The act contains a number of #tax   adjustments intended to update the nation's budgetary structure. A 10% tax on gains from the sale of digital assets, such as cryptocurrency, was one of its stipulations.