Nigeria to enforce crypto taxation under proposed law: Report
The Nigerian SEC wants to help generate more revenue for the country through crypto taxation.
Crypto Regulation
Binance exec restates $150M bribery claim against Nigerian officials
In response, a Nigerian official has labelled Gambaryan’s allegations outrageous and defamatory.
Kenyan crypto group submits policy proposals to regulators
VACC touted a review of the digital asset tax to the Kenyan technical working group on virtual assets regulations as part of its recommendations.
SARB governor opposes crypto lobbyists influencing government decisions
Kganyago is unmoved by calls for government-owned bitcoin reserves, claiming the cryptocurrency is no different from apples and beef.
Namibia shores up crypto regulations, grants provisional licenses to two crypto firms
The country wants these firms to meet its preauthorization requirements before they are fully licensed.
Kenya’s apex court upholds 3% Digital Asset Tax
Meanwhile, the KRA said it is working on a system to ensure real-time compliance with the tax regime.
South African taxman goes after crypto traders to rein in taxes
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.