Nigeria wants to collect 1.5% crypto stamp duty in Bitcoin, USDT

Every time someone buys Bitcoin, the stablecoin USDT, or another cryptocurrency in Nigeria, the government will take a share of the transaction — and it wants that tax remitted in the same digital asset being traded. 

New virtual asset tax guidelines issued by the Nigeria Revenue Service (NRS) on Monday impose a 1.5% stamp duty on token-to-fiat and fiat-to-token transfers. Rather than…