Nigeria is taking significant steps to regulate and tax cryptocurrency transactions as part of broader efforts to boost government revenue. The country’s Securities and Exchange Commission (SEC) has confirmed that a bill outlining the tax framework is under review and is expected to be passed within this quarter, according to Bloomberg. This initiative is driven…
The cryptocurrency market faced a challenging day on December 30, with XRP taking the hardest hit, plummeting over 5%. This drop came amid a strengthening U.S. dollar, which weighed on global currencies and dollar-denominated assets like Bitcoin and gold. Other prominent cryptocurrencies, including Dogecoin (DOGE), Solana (SOL), Ether (ETH), and Binance Coin (BNB), also experienced…
Cryptocurrency exchange OKX has announced its decision to discontinue services in Nigeria, attributing the move to recent changes in local laws and regulations. The announcement, made through a direct statement to its users on Wednesday, underscores the company’s commitment to aligning its operations with the evolving regulatory landscape in the markets it serves. In the…
