Odaily Planet Daily News: Nigeria's tax regulator, the Federal Inland Revenue Service (FIRS), plans to seek the support of the National Assembly to develop a comprehensive new law to regulate cryptocurrencies in the country. FIRS Executive Chairman Zacch Adedeji announced plans to launch a proposed legislation in September at a recent stakeholder exchange meeting with the National Assembly Finance Committee as part of a broad effort to reform Nigeria's tax system. Adedeji said the new bill will target the growing cryptocurrency industry, ensuring that its advantages serve the Nigerian economy while reducing potential risks. This regulatory move is a response to the rapidly developing digital economy and the need to update the legal framework to keep up with technological advances. (COintelegraph)