Nigeria’s Federal Inland Revenue Service has published comprehensive guidelines bringing virtual assets, including cryptocurrencies and stablecoins, within the country’s formal tax framework. The rules impose transaction-level duties and withholding levies on virtual asset service providers, or VASPs, and require tax identification numbers for all new cryptocurrency account activations. Corporate income tax on cryptocurrency firms is set at thirty percent.

The policy reflects a familiar emerging-market logic: Nigeria operates one of the most active digital asset markets on the planet, with an estimated $56 billion in annual peer-to-peer transaction volume, yet the state has historically captured little of that activity within the…