According to CoinMarketCap, Nigeria’s new tax law requires crypto exchanges to link user transactions to tax identification numbers and national ID numbers starting Jan. 1, making identity verification mandatory at the transaction level for Nigeria-facing platforms, source: CoinMarketCap on X, Jan 15, 2026. Virtual asset service providers must file customer data and transaction details with Nigerian tax authorities, increasing formal reporting obligations for platforms and users, source: CoinMarketCap on X, Jan 15, 2026. An identity-based compliance model replaces blockchain surveillance, shifting monitoring to tax ID and national ID linkage rather than on-chain heuristics, source: CoinMarketCap on X, Jan 15, 2026. Traders operating in Nigeria should expect exchanges to collect tax ID and NIN before processing transactions and to report activity to tax authorities under the new rules, source: CoinMarketCap on X, Jan 15, 2026.