By Staff Writer

NIGERIA has emerged as the country where taxable cryptocurrency activity could make the largest proportional contribution to government revenue globally, with crypto accounting for a potential 12.31 percent of public finances, according to a new report by blockchain analytics firm Chainalysis.

The report, Crypto Tax Report 2026, estimated that Nigeria recorded about $4.4 billion in taxable crypto activity in 2025, highlighting the growing importance of digital assets to the country’s tax base as the Federal Government moves to strengthen regulation and taxation of the sector.

Chainalysis said global on-chain taxable crypto activity reached $457 billion in 2025, comprising $127.1 billion in realised trading gains from…