Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Nigeria-based KuCoin users volition statesman being levied a 7.5% value-added taxation (VAT) connected transaction fees starting connected July 8. Some observers judge that Kucoin’s determination to instrumentality this taxation is intended to heighten its chances of securing an operating license. A Lagos-based crypto manufacture subordinate stated that implementing the taxation volition apt harm the industry. […]