2026-01-13 12:24:09

Nigeria's new Tax Administration Act (NTAA) 2025 is reshaping how crypto activities get tracked in the country. The legislation requires that all cryptocurrency transactions be connected to users' Tax Identification Numbers (TIN) and National Identity Numbers (NIN). This marks a significant step toward bringing digital asset trading under formal tax oversight. For traders and investors operating in Nigeria, the change means tighter compliance requirements—essentially linking every on-chain move to personal identity documentation. It's part of a broader wave of regulatory frameworks tightening around crypto globally, with tax authorities increasingly demanding visibility into transaction flows.

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GateUser-e87b21ee

· 4h ago

ngl, there's really no way to stay anonymous now. Nigeria's on-chain activities require linking ID numbers... Regulations are getting stricter and stricter, gotta think about how to handle this.

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ImpermanentSage

· 4h ago

Nigeria is planning to link on-chain transactions directly with IDs... Privacy is completely compromised now. --- Another country is starting strict investigations. Around the world, everyone is adopting the TIN+NIN combo, it feels unavoidable. --- On-chain, there's nowhere to hide; the tax man is everywhere... Just thinking about it is uncomfortable. --- Compliance costs are going to rise again, which is not very friendly to retail investors. --- It seems we need to change our strategy; we must be more cautious in the future. --- Nigeria's move is truly bold—directly linking everyone's identity to the chain. The security... is worrying. --- Another wave of regulation begins. Whether it's a long-term positive or negative depends on how it's implemented.

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Layer2Observer

· 4h ago

This move by Nigeria reminds me of the EU's MiCA approach last year... binding on-chain transactions to ID cards. From a technical perspective, it's essentially creating a mapping table off-chain, and the real privacy issues actually lie on the database side.

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