Nigeria Slaps 15% Crypto Tax - Regulatory Clarity Still Missing, Experts Warn

Nigeria drops crypto tax bombshell while keeping regulations murky

The Tax Trap

African crypto giant Nigeria just unleashed a 15% capital gains tax on digital assets - but industry insiders are screaming foul over the regulatory fog. The government wants its cut while offering zero clarity on how crypto actually operates legally.

Expert Backlash

Market veterans are tearing their hair out. "Another classic case of regulators chasing revenue while understanding nothing about the technology," one analyst quipped. The 15% grab comes without the regulatory framework needed to actually legitimize the space.

Market Impact

Traders are already calculating the damage. That 15% bite could push volume offshore - or deeper into decentralized exchanges where tax enforcement gets... creative. Nigerian crypto enthusiasts aren't exactly celebrating the "official recognition."

Because nothing says financial innovation like taxing something you haven't figured out how to regulate properly.