The Nigerian government, through new tax laws, makes crypto transactions traceable and integrates them into the tax reporting system.

BlockBeats News, January 13 — According to TechCabal, the Nigerian government has linked crypto transactions to real identities through a new tax law by using the Taxpayer Identification Number (TIN) and National Identification Number (NIN). This makes crypto transactions traceable and integrated into the tax reporting system without the need to crack the blockchain itself. Virtual Asset Service Providers (VASPs) are required to collect and report customer TIN/NIN, name, address, and other information, while also submitting monthly transaction data to tax authorities and reporting large or suspicious transactions to law enforcement agencies.

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