Nigeria plans to propose a bill for taxing cryptocurrencies in September

ChainCatcher news, according to CoinDesk, the Federal Inland Revenue Service (FIRS) of Nigeria plans to submit a bill to Parliament in September aimed at taxing the cryptocurrency industry. The executive chairman of the tax authority, Zacch Adedeji, revealed this plan during a meeting with the Finance Committees of the National Assembly's Senate and House of Representatives.

Adedeji stated, "The plan is first to establish regulatory laws, which is also why we are collaborating with the legislature, as it will serve as the basis for taxation."