Crypto Exchange KuCoin Adds 7.5% Tax for Nigeria Users, Citing ‘Regulatory Update’

Quick Summary:

KuCoin will begin collecting the 7.5% tax on “all transaction types” from Nigeria users beginning Monday, July 8.

The tax applies to "all transaction types on KuCoin platform.

It included a 10% capital gains tax on profits made in the disposal of digital assets from May 1, 2023.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaNigerNigeria

Topics: News 7.5% Tax Latest News Regulatory Update Crypto exchange Nigeria Users KuCoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 10:40:40 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21491328

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

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