The Nigerian government will introduce a 15% tax on cryptocurrency gains starting January 2026, as confirmed by the Presidential Fiscal Policy and Tax Reforms Committee. This tax will apply to profits from virtual assets, with a tax-free threshold set at $545.82 (₦800,000) for small investors. Notably, losses will not be eligible for tax relief. Crypto exchanges in Nigeria will be mandated to monitor and report transactions to tax authorities, facing penalties for non-compliance. The move has sparked mixed reactions, with some industry experts criticizing it as premature, while others see it as a step towards legitimizing cryptocurrency as a financial instrument.