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Nigeria's tax regulator, the Federal Inland Revenue Service (FIRS), plans to seek the support of the National Assembly to develop a comprehensive new law to regulate cryptocurrencies in the country. FIRS Executive Chairperson Zacch Adedeji announced plans to introduce a proposed legislation in September during a recent stakeholder exchange meeting with the Finance Committee of the National Assembly as part of a broader effort to reform Nigeria's tax system. Adedeji said the new bill would...
The New Zealand Revenue Authority statement said the agency is paying more attention to those who do not declare income from crypto-asset transactions on their tax returns. 227,000 independent crypto-asset users in New Zealand have been identified as having made about 7 million transactions worth $7.80 billion.
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