Nigeria Links Crypto Transactions to National and Tax IDs Under New Law

As part of the Nigeria Tax Administration Act 2025, the country mandates cryptocurrency transactions be linked to Tax Identification Numbers (TIN) and National Identification Numbers (NIN). Virtual Asset Service Providers (VASPs) must verify clients' identities and submit monthly reports to the Nigeria Revenue Service. Non-compliance could result in fines up to 10 million naira.

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