According to Cryptonews, Nigeria's newly introduced National Tax Administration Act (NTAA 2025) plans to track cryptocurrency transactions in real time using Tax Identification Numbers (TINs) and National Identity Numbers (NINs). The bill requires cryptocurrency exchanges and service providers to collect and report their clients' TINs and NINs, extending the identity tracking system to the cryptocurrency ecosystem. By linking national identities with cryptocurrency flows, tax authorities can trace transactions without directly accessing the blockchain and match them with income declarations and tax records. Nigeria's move aligns with the Organization for Economic Co-operation and Development (OECD)'s "Crypto-Asset Reporting Framework" (CARF) initiative.
Nigeria to Track Crypto Transactions in Real-Time Using Tax ID and National ID
TechFlowShare
Summary
Nigeria to Track Crypto Transactions in Real-Time via Tax ID and National ID
As reported by TechFlow, Nigeria's new Tax Management Act (NTAA 2025) will track cryptocurrency transactions in real-time using Tax Identification Numbers (TIN) and National Identity Numbers (NIN). The bill requires cryptocurrency exchanges and service providers to collect and report TIN and NIN, linking national identities to cryptocurrency transactions. This initiative aligns with the OECD's Crypto-Asset Reporting Framework (CARF). Real-world assets (RWA) transactions are also expected to be subject to similar tracking protocols in the future.
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