This move follows a regulatory update. It's a new step in Nigeria's evolving approach to crypto taxation
KuCoin, a major cryptocurrency exchange, will introduce a 7.5% value-added tax (VAT) on transactions for Nigerian users starting July 8, 2024.
Binance, OKX, and, most recently, KuCoin have all suspended naira support on their P2P platforms
Wormhole's token was designed for cross-chain messaging allowing for seamless money transfers across multiple blockchains
The commissioner said the CFTC could be misinterpreting crypto products offered by Kucoin