KuCoin, a cryptocurrency exchange, has announced that it will start collecting a 7.5 per cent Value-Added Tax on transaction fees for users in Nigeria, effective July 8, 2024.
The platform made this disclosure in a statement posted on its X account on Wednesday.
This means that for every trade, a 7.5 per cent tax will be applied to the transaction fee, not the total transaction amount.
For example, if a user buys $1,000 worth of Bitcoin with a…
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