Crypto Exchange KuCoin Adds 7.5% Tax for Nigeria Users, Citing ‘Regulatory Update’

KuCoin will begin collecting the 7.5% tax on “all transaction types” from Nigeria users beginning Monday, July 8. The tax applies to “all transaction types on KuCoin platform.” Signs of an immediate regulatory shift for cryptocurrency in Nigeria emerged on Wednesday as crypto exchange KuCoin announced it would begin charging a value-added tax on transactions

Source: Bitcoin World