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🎖️CorporalCrypto Donation: Government Wants 1.5% Cut Paid in Bitcoin and USDT
P
3 months ago
So the tax people have finally decided that if you're buying Bitcoin or USDT, they want their own slice , and not in naira, but in the actual crypto you're trading. That's 1.5% off every token-to-fiat or fiat-to-token swap, and the exchanges are now the ones doing the dirty work of collecting it before the coins even hit your wallet. This isn't just about stamp duty anymore; it's a full-blown tax framework for trading, staking, and even mining, with the government basically saying "we'll take our cut in your currency of choice, thanks." The real question is, with the naira's own problems, does taxing crypto in crypto actually make sense, or is this just another way to squeeze the few people trying to escape the system?
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