LAGOS, ⁠Aug 6 (Reuters) – Nigeria has introduced stamp duty ⁠on certain crypto transactions and withholding taxes that ‌industry players say could undermine adoption of digital assets in one of the world’s most active retail crypto markets.

The tax ​authority released rules for cryptocurrencies, stablecoins, ⁠non-fungible tokens and ⁠other virtual assets this week and also introduced withholding ⁠taxes ‌on transactions.

Nigeria is trying to boost government revenues. The country has reformed its tax ⁠system in a bid to modernise its ​public finances ‌and capture more taxpayers including new sectors such ⁠as e-commerce ​and digital…