Wire · operational-macro
PwC Warns of Enforcement Gaps in Nigeria's Strict New Crypto Tax Framework
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 17 August 2026 · Fusion42 review
PwC Nigeria warns that Nigeria's newly introduced comprehensive crypto tax framework faces critical enforcement challenges, especially with peer-to-peer transactions outside centralized exchanges. The framework imposes withholding taxes on various crypto activities but lacks mechanisms to capture decentralized trades, risking increased underground market activity.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Crypto founders in Nigeria face a compliance reckoning as the government clamps down with heavy taxes but lacks tools to enforce peer-to-peer trades. You must prepare for complex tax demands and the risk of a shrinking market if enforcement gaps drive users underground.
◆ Coverage
1 source · 17 Aug 2026
◆ Related on Wire
◆ Topics