KuCoin Imposes 7.5% VAT on Cryptocurrency Transactions for Nigerian Users Starting July 8

The cryptocurrency landscape in Nigeria has taken a significant turn as KuCoin announced it will start imposing a value-added tax (VAT) on transactions beginning July 8. This regulatory shift involves a 7.5% VAT on transaction fees, as communicated by KuCoin to its Nigerian users via email. “Starting from July 8th, 2024, we will begin collecting

Source: CoinOtag