KuCoin to Enforce VAT for Nigerians: A Welcome Development?

KuCoin has taken a step in its search for compliance in Nigeria The move comes in the face of rising hostility towards the sector from regulators. Market participants are split on whether the new regime is a sign of positive progress. The Nigerian crypto sector has been shrouded in uncertainty in recent months amid claims bordering on currency manipulation, money laundering, and terrorism financing. With these claims fueling a broad crackdown on exchanges and their p2p services, lawsuits against Binance for tax evasion and money laundering, and trading restrictions on users, the sector has been rife with speculation of

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