The Coalition objects to the charges on the gross movement of money rather than on any profit earned. The first is a 1.5% stamp duty on every conversion between naira and digital assets, never refunded and charged whether a person gains or loses. A third concern is the requirement to remit taxes in tokens, which is inconsistent with the Nigeria Tax Administration Act, 2025, whose Section 39 mandates payment in currency. AdvertisementThey bite even below the ₦10 million threshold the Nigeria Tax Act itself exempts and within the ₦800,000 income band taxed at zero, while filing burdens can exceed a student’s entire earnings. Kenya repealed its 3% transaction tax in 2025, and Turkey withdrew a similar levy in 2026.