2026-01-13 00:23:46

The Nigerian government has introduced a new policy that links crypto transactions with real identities through tax identification numbers and national ID numbers. What does this mean? Your on-chain transactions are no longer completely anonymous, and transaction data directly enters the tax system. The key point is that they don't need to crack the blockchain itself but control it from the source— all virtual asset service providers must collect and report user information. In other words, transactions are traceable, and tax declarations cannot be escaped. This move has a significant impact on the entire African crypto market, indicating that regulation is gradually penetrating from the technical level to the identity level.

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ChainProspector

· 5h ago

Wow, Nigerian traders are probably about to blow up... Controlling from the identity level is really brilliant. --- Regulation is so clever; there's no need to attack the chain directly, just block the exchanges, and it's done. --- Friends in Africa might need to change their approach; the anonymous method is becoming less and less feasible. --- Requiring real identity tied to tax ID... This is to make everyone report taxes willingly, there's no escaping it. --- Blocking at the source is smarter; it's much more effective than technical measures. --- It feels like this move might be copied by other countries, and the freedom of encryption could gradually shrink. --- Virtual asset service providers are forced to become middlemen, which is a bit frustrating for them. --- Is the entire African market about to undergo a reshuffle? Or will someone find a way to bypass it? --- Regulation at the identity level is indeed more aggressive; no matter how advanced the technology, they have to bow. --- Nigeria's move is very precise; there's really little room left for traders to operate.

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ContractHunter

· 5h ago

Nigeria's move is indeed fierce, directly targeting virtual asset providers, leaving no room for a breather. On-chain transaction data integrated into the tax system... now African crypto users will have to rethink, as the era of anonymity is truly coming to an end. From technical infiltration to identity verification, this combination punch is quite effective, but it also exposes KYC as the ultimate regulatory weapon. It seems that other African countries will follow suit sooner or later, as this is the real "nowhere to hide on the chain."

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LiquidationSurvivor

· 5h ago

Damn, Nigeria's move is really ruthless, directly blocking from the exchange side, there's no way to run Friends in Africa need to think about what to do now, privacy is completely gone Once regulation starts using identity as a tactic, it never ends Direct connection of the tax system to blockchain data? This thing needs to be pushed slowly, or exchanges could be overwhelmed Honestly, the government is smarter at cracking down on the source than breaking the chain. We were too naive before With this policy in place, it's hard to say how many exchanges in the entire African ecosystem can survive Anonymity is gone, what’s the point of cryptocurrencies anymore? LOL

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DefiOldTrickster

· 5h ago

Oh no, Nigerian crypto enthusiasts will have to trade with their tails between their legs now. Controlling from the source is indeed ruthless and much smarter than directly blacklisting the chain. I've always said that identity is the final fortress, and now it has become a breakthrough point for regulation. But on the other hand, this also serves as a lesson for those who want to whitewash — your little "privacy" tricks have long been understood by the government.

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SmartContractWorker

· 5h ago

Now the dream of anonymous transactions is completely gone; Nigeria's move is indeed ruthless. They don't bother with technical confrontation at all; they directly cut off the service providers at the source, and you can't escape. Friends in Africa will probably have to start recalculating.

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