Due to Uncertainty Over Regulatory Issues, KuCoin Will Impose a 7.5% Tax on Transaction Fees in Nigeria
The crypto community in Nigeria is facing uncertainty following recent regulatory changes. KuCoin is a global cryptocurrency exchange that has announced a new tax policy. Starting July 8, the cryptocurrency exchange will impose a 7.5% Value Added Tax (VAT) on all transactions. KuCoin Implements VAT for Nigerian Users In a recent post on X, KuCoin announced that it will impose a fee for users who have Know Your Customer (KYC) verification.
