The Nigeria Revenue Service has issued new guidelines requiring cryptocurrency exchanges and peer-to-peer marketplaces to withhold, report, and remit taxes on all digital asset transactions. This move aims to increase tax compliance and revenue collection from the growing crypto market in Nigeria. Crypto platforms will now have to integrate tax processes into their operations, potentially impacting transaction costs and user experience. This development signals tighter regulation of digital assets in Nigeria going forward.
Nigeria's new crypto tax rules provide context for Pluang's market snapshot as of Nov 06, 2026 22:21 WIB. Of 50 major cryptocurrencies, 24 rose and 25 fell. Ethereum traded at Rp40.230.312 with a 2.98% decline and 82% sell orders. Bitcoin was priced at Rp1.362.880.889, down 2.66%, with 64% sell orders. Synthetix gained 2.85% to Rp3.108, with balanced buy and sell activity.
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