Zacch Adedeji, the executive chairman of the FIRS, stated, "The plan first is to have the law that regulates it, and that is why you see that we are here with the legislature, which will be the base of charging." This indicates a structured approach to integrating taxation within legislative frameworks.
Adedeji noted that globally, many regions are legislating to tax crypto, saying, "... so you just have to get ready for it because you can't go away from it. We just have to plan to regulate it in such a way that it is not injurious to the economic development of Nigeria." His comments highlight a worldwide trend towards the taxation of digital currencies.
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