CoinVoice has learned that, according to the latest market information, the Nigerian government has linked crypto transactions to real identities through a new tax law, using the Taxpayer Identification Number (TIN) and National Identification Number (NIN). This makes crypto transactions traceable and integrated into the tax reporting system without the need to crack the blockchain itself. Virtual Asset Service Providers (VASPs) are required to collect and report customer TIN/NIN, name, address, and other information, while also submitting monthly transaction data to tax authorities and reporting large or suspicious transactions to law enforcement agencies.

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