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FIRS PLANS LAW TO REGULATE CRYPTO IN NIGERIA
The Federal Inland Revenue Service (FIRS) in Nigeria has announced plans to propose a new law to regulate cryptocurrencies in the country . This move is part of a broader effort to overhaul Nigeria's tax system and keep pace with technological advancements .
The proposed legislation aims to manage the growing cryptocurrency industry, ensuring that its benefits are harnessed for Nigeria's economy while reducing potential risks .
The FIRS chairman emphasized the importance of regulating cryptocurrencies, citing the need for a clear and comprehensive set of rules to protect the economy .
The Federal Inland Revenue Service (FIRS) in Nigeria has announced plans to propose a new law to regulate cryptocurrencies in the country . This move is part of a broader effort to overhaul Nigeria's tax system and keep pace with technological advancements .
The proposed legislation aims to manage the growing cryptocurrency industry, ensuring that its benefits are harnessed for Nigeria's economy while reducing potential risks .
The FIRS chairman emphasized the importance of regulating cryptocurrencies, citing the need for a clear and comprehensive set of rules to protect the economy .
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