Crypto Currency

KuCoin to Impose 7.5% Transaction Fee Tax in Nigeria amid Regulatory Uncertainty

The Nigerian crypto community faces uncertainty after KuCoin, a prominent global cryptocurrency exchange, announced a new tax policy. Starting July 8, the cryptocurrency exchange will impose a 7.5% value-added tax (VAT) on transaction fees for users with Know Your Customer (KYC) information registered in Nigeria.KuCoin Introduces VAT for Nigerian UsersIn a post on X…

Published 11 months ago in 22nd July 2024

By John

KuCoin to Impose 7.5% Transaction Fee Tax in Nigeria amid Regulatory Uncertainty

The Nigerian crypto community faces uncertainty after
KuCoin, a prominent global cryptocurrency exchange, announced a new tax policy.
Starting July 8, the cryptocurrency exchange will impose a 7.5% value-added tax (VAT) on transaction
fees for users with Know Your Customer (KYC) information registered in Nigeria.KuCoin Introduces VAT for Nigerian UsersIn a post on X…
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