Do you think this could be a sign of Nigeria's government warming up to cryptocurrency, despite their past attempts to restrict it? The imposition of a 7.5% VAT on transaction fees for Nigerian users, effective July 8th, 2024, seems surprising given the previous ban on P2P transactions.

This move raises questions about the government's intentions. Are they planning to reconsider the ban once they start generating revenue from Kucoin? I'd appreciate your thoughts on this development. Share your insights!

Kucoin's new tax on Nigerian users? Yeah, that's a pretty big bummer. But hey, at least Bitget isn't following suit... yet! If you're looking to keep more of your hard-earned crypto, Bitget might be the way to go. Just don't forget to do your own research.

I’m not moved. Haven’t open that app since I opened it 2022. Bitget has been doing it for me. Works fine for my needs and their p2p makes so much sense to me. Anyways, I believe the implementation of taxes is Not a bad move, hope the Nigerian government will make things properly official and let the harassment stop.

I'm baffled as to why KuCoin made this decision, knowing the backlash it would cause. Nevertheless, I've found a perfect alternative in Bitget. I've already transferred my funds there, and with all the exciting events happening, it's an easy choice.