According to BlockBeats, Nigeria's Federal Inland Revenue Service (FIRS) is seeking support from the National Assembly to establish a comprehensive new law to regulate the country's cryptocurrency sector. This initiative was announced by FIRS Executive Chairman Zacch Adedeji during a recent stakeholder engagement meeting with the National Assembly's Finance Committee. The proposed legislation is expected to be introduced in September as part of broader efforts to reform Nigeria's tax system. Adedeji emphasized that the new bill aims to address the rapidly evolving cryptocurrency industry, ensuring its benefits contribute to Nigeria's economy while mitigating potential risks. This regulatory move responds to the fast-growing digital economy and the need to update the legal framework to keep pace with technological advancements.