Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Share This Post

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian UsersNigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry. […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

4 straight weekly declines for Bitcoin evokes 2017 bull run patterns

Quick Take Bitcoin experienced an 11% correction in the first week of July, marking its worst weekly performance since the FTX collapse in November 2022, when it plummeted by approximately 22% This

German Government Moves 1,205 Bitcoin Amid Price Fluctuations

According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $689 million The funds were distributed to multiple addresses, including Coinbase and

BlackRock’s BUIDL fund inches toward $500 million amid crypto market struggles

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is close to reaching $500 million in assets under management The tokenized fund, represented by the BUIDL token on the Ethereum

Legal Expert Praises Bitcoin, Labels It Freedom Against Financial Control, Here’s Why

In a recent public statement, John E Deaton, a popular legal expert and cryptocurrency advocate has labeled Bitcoin, the largest digital asset, as a symbol of financial freedom and a key tool in the

Dogecoin Price Decline Looms As Bears Cut Short Recovery: Key Levels To Watch

Dogecoin’s recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline After attempting a rebound, the bears have regained control of the

Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina

The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and