GM D'TRADERS ACADEMY 💯
After our 7 days beginner crypto class last week, we have resumed giving signal to the community
You can join us and make money for free
https://t.co/5gDnwPKlh2
The fastest and easiest way to make it in every industry;
- Find the leverage of your industry
- Choose your leverage
- Dedicate the next 6-12months building the leverage (at scale)
- Use the leverage wisely
❌ Assuming crypto profits are tax-free in Nigeria — they are not, as of 2026.
❌ Ignoring compliance deadlines if you operate a platform.
❌ Believing crypto is "legal tender" you can force on merchants — it isn't.
❌ Chasing guaranteed high-return crypto investment schemes.
The Digital Asset Market Clarity (CLARITY) Act, formally H.R. 3633, aims to create a clear rulebook for who regulates what in US crypto markets — dividing authority mainly between the SEC (securities-like tokens) and the CFTC (commodity-like tokens like Bitcoin).
THE US "CLARITY ACT" — WHY NIGERIANS SHOULD ALSO CARE
Even though it's American legislation, the CLARITY Act affects global crypto markets (including exchanges Nigerians use), because it decides how the world's largest crypto economy treats digital assets.
What it is
✅ Licensed exchanges can now legally hold Naira bank accounts.
❌ Unlicensed or "underground" platforms operate outside legal protection — if they scam you, recovery is much harder.
WHAT THIS MEANS FOR YOU AS A NEWBIE
Crypto is legal in Nigeria — but with conditions:
✅ You can buy, hold, and sell crypto.
❌ You cannot force a merchant to accept crypto as legal tender — the Naira remains the only official currency.
THE CORE LAWS YOU NEED TO KNOW
a) Investments and Securities Act (ISA) 2025
This law formally brought all crypto service providers under SEC regulation, requiring proper licensing to operate. Digital assets are now legally classified as securities in Nigeria.
e) ARIP – Accelerated Regulatory Incubation Programme
This SEC programme lets emerging crypto businesses get an "Approval-in-Principle" and operate under SEC oversight while working toward full registration, instead of being shut out entirely while waiting on a full license.
A VASP that defaults faces an administrative penalty of ₦10 million in the first month and ₦1 million for every month it continues defaulting, plus possible suspension or revocation of its license.
Individuals now pay up to 25% personal income tax on crypto trading profit.
VASPs (exchanges/platforms) pay 30% corporate income tax on profits, largely from transaction fees.
d) Nigeria Tax Administration Act (NTAA) 2025
This took full effect January 1, 2026 and pulled crypto into the tax net:
Digital assets are explicitly classified as "chargeable assets," meaning profits from them are taxable.
b) SEC Digital Assets Rules / VASP Framework
Any business offering crypto services — exchanges, custodians, brokerages, token issuers — is a Virtual Asset Service Provider (VASP) and must be licensed by the SEC.