June 14 Nigeria identified for its growing adoption of cryptocurrencies reminiscent of (BTC), issued its nationwide foreign money, the naira, permitting banks and different contributors within the foreign exchange market commerce it is free. The brand new coverage might have a number of implications for cryptocurrency merchants.
Overseas foreign money merchants can now commerce at market-determined charges as a substitute of fastened charges Central Financial institution of Nigeria (CBN). This step was taken after the President’s resolution implement a ten% cryptocurrency tax as a result of capital beneficial properties and might positively or negatively change the Nigerian cryptocurrency trade.
Proceed studying Coin Telegraph.
