Nigerian president signs order on approach to crypto regulation, taxes
CoinTelegraph·
60-second summary
The Nigerian president signs an executive order establishing a virtual asset council to oversee and enforce crypto regulation, addressing the fragmentation of existing laws and providing clarity on taxation. The council will be responsible for developing a comprehensive regulatory framework, ensuring a unified approach to crypto oversight and enforcement in the country's growing digital economy.
The West African country’s executive order established a virtual asset council and addressed the fragmentation of crypto regulation for oversight and enforcement.