JUST IN: Nigeria issues first tax framework for crypto and virtual assets

Nigeria has issued its first formal framework for taxing virtual assets, setting out tax obligations for cryptocurrency users, exchanges, peer-to-peer (P2P) platforms, and other digital asset businesses as it moves to bring the fast-growing sector into the country’s mainstream tax system. In a public notice issued on Monday ,  the Nigeria Revenue Service (NRS)  said it had published Guidelines on the Taxation of Virtual Assets, covering taxpayers, Virtual Asset Service Providers (VASPs), peer-to