Mike_RWA•DePIN ✍️
@mikepreneur24
Latest Update... The Nigerian government is rolling out crypto taxation plans. Let’s be real, this is a BIG moment for the industry. But is this progress or another roadblock? On one hand, taxation could mean recognition. It could signal that the government is finally taking crypto seriously, paving the way for institutional adoption, clearer regulations, and a more structured ecosystem. But let’s not ignore the elephant in the room… How does the government plan to tax an industry they once labeled illegal? How do you regulate something that thrives on P2P, decentralized exchanges, and anonymity? Will this just push crypto deeper underground, making it even harder for builders and traders to operate?
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Mike_RWA•DePIN ✍️
@mikepreneur24
Nigeria has one of the highest crypto adoption rates in the world, not because of government support, but because people needed a way out of inflation, banking restrictions, and unstable policies. If the goal is growth, then we need a framework that protects innovation, not just another way to take from it. My guys, what’s your take? Will crypto taxation legitimize the industry or just create more hurdles for Web3 founders and traders in Nigeria?
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