Emma OkonjiDigital Assets Coalition (DAC), the industry alliance representing digital-asset participants and operators in Nigeria, has faulted the new guidelines on the taxation of virtual assets, released on Monday August 3, 2026 by the Nigeria Revenue Service (NRS). The coalition therefore called on NRS to tax the profit on digital asset transactions and not the movement of digital money from one location to another. “We support the taxation of virtual assets without qualification. Our concern is with a design choice that taxes the movement of money itself,” Iwuno said. Secondly the coalition said the 1.5 per cent stamp duty tax on virtual assets should be removed and charged the same way that stamp duties are charged on physical cash.