Nigeria Sets New Rules for Crypto and Taxes with Executive Order

Nigeria is taking a big step to clear up the confusion around digital assets. President Bola Tinubu signed a new executive order that sets up a dedicated virtual asset council. This move is meant to bring order to how the country handles crypto, making sure there is one clear path for oversight and enforcement.

For a long time, crypto rules in Nigeria have been spread across different agencies, creating a messy situation for users and businesses. This new council aims to fix that fragmentation. It also addresses the tax side of things, ensuring that the government can properly track and collect revenue from the growing digital economy.

Nigeria remains one of the most active crypto markets in the world, and this order shows the government wants to work with the industry rather than just ignore it. Investors should watch how this council starts its work, as it will likely shape the rules for exchanges and traders across the country.