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A Glimpse into Nigeria's Crypto Regulation: The New VAT Policy Recent regulatory developments in Nigeria hint at a significant shift in the cryptocurrency landscape Starting July 8, 2024, crypto transactions will face a new financial obligation KuCoin, a prominent crypto exchange, has announced the introduction of a Value-Added Tax (VAT) on transactions, aligning with a regulatory update shared with their customers This 7 5% VAT on transaction fees applies across all dealings on the platform for users registered in Nigeria...

The Game Changer: How Shifting to crvUSD Amplifies Stablecoin Utility In the ever-evolving world of decentralized finance (DeFi), innovative approaches to improving system efficiency and utility are constantly being sought after One such innovation is making headlines, signaling a significant pivot in how platforms distribute their fees and, consequentially, strengthen their ecosystem The move from using a more traditional stablecoin mix to a singular, platform-centric stablecoin, in this case, shifting from 3crv to crvUSD for fee distribution, sparks interest and excitement among both users and observers Let’s dive into why this transition could be a game-changer for stablecoin utility and broader ecosystem integration Why the Shift Matters At first glance, changing the type of stablecoin used for fee distribution might seem like a minor tweak in a platform's operations...