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Nigerians kick as KuCoin announces 7.5% VAT charges

Crypto traders in Nigeria have spoken out against KuCoin’s plans to charge Nigerian users of the site 7.5% Value Added Tax (VAT) on transaction fees beginning July 8, 2024. Kucoin stated in an email to its Nigerian users on Wednesday that it will begin charging VAT in line with the Federal Inland Revenue Service requirements. […]