Nigeria's SEC warns against trading on Binance and Crypto Australia.
Nigeria’s SEC warns against trading on Binance

Tax on Digital Assets

Starting from May 2023, the government of the country imposed a 10% taxation on all profits made from the sale of digital assets, including cryptocurrencies. Local stakeholders expressed their disapproval of this measure, calling it “premature.”

Cointelegraph reached out to Binance to get their opinion on the SEC notice. According to the SEC, unregistered platforms, such as Binance, must immediately stop providing services in the country.

Crypto predictions 2022, crypto voyager, crypto today youtube, crypto site, crypto tom brady, crypto podcast, crypto australia, crypto collapse, crypto terra, and web 3.0, also known as the crypto revolution, have all been affected by this new taxation.

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