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coinpedia 2025-02-19 06:49:18

Crypto Live News Today : Feb 19th

The post Crypto Live News Today : Feb 19th appeared first on Coinpedia Fintech News February 19, 2025 06:20:33 UTC Nigeria Lifts Crypto Ban, Imposes New Tax and Licensing Rules Nigerian authorities are increasing up attempts to regulate and tax cryptocurrency transactions in order to boost income and mitigate digital asset dangers. Despite an original ban in 2021 due to illegal financing concerns, peer-to-peer trading sparked a regulatory reversal. The restriction was abolished in December 2023 and replaced with SEC rules, a licensing system for virtual asset service providers, and the Finance Bill 2022, which includes crypto taxes. However, hefty compliance costs may stifle innovation as compared to South Africa’s organized regulatory framework.

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