Nigeria's crypto market just got stricter. All transactions on licensed platforms now need to be tied to users' Tax Identification Numbers (TIN) and National Identification Numbers (NIN). This marks a significant shift in the country's approach to cryptocurrency regulation—moving from a relatively hands-off stance to demanding full KYC integration with government ID systems. For traders and crypto platforms operating in Nigeria, this means enhanced compliance requirements and potentially tighter scrutiny on transaction flows. The policy reflects a global trend where regulators are pushing exchanges to link crypto activities directly to traditional identity infrastructure.

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