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Crypto Regulation in Nigeria 2025
Nigeria has made a significant leap in the digital assets domain by shifting its stance from prohibition to recognition of crypto as securities under the ISA 2025 law. This new regulation aims to increase the adoption and usage rate of cryptocurrency.
As of 2025, cryptocurrencies are legal and classified as securities regulated by the Securities and Exchange Commission (SEC). This regulatory framework is designed to ensure the security and stability of the innovation.
In a surprising turn of events, Nigeria has also made crypto taxable. Yes, you heard that right – crypto is subject to tax in Nigeria. This tax burden applies to various transactions such as selling, trading, spending, receiving, mining, staking, masternodes, airdrops, and hard forks. Any non-compliance will lead to penalties.
A staggering 32% of Nigerians have adopted the use of cryptocurrency, with a projected penetration rate of 11.66% in 2025 and steady annual growth expected. This growth is projected to result in revenue exceeding US$2.4 billion in Nigeria by the end of 2026.
It is worth noting that the government’s crypto holdings are not publicly disclosed, as the focus remains on fostering emerging technologies rather than holding a significant number of digital assets.
In essence, Nigeria has taken a massive leap forward in the domain of digital assets, shifting its stance from prohibition to recognition of crypto as securities.
Source: coinpedia.org
