OnionBandit:
Abeg just stop deceiving yourself already. What happened to investors in LUNA, FTX and others should make you understand the point I am trying to make. I no sure say you don make money for crypto reach me sef. I don't just know how to lie!

if you had the right information about the market you should have known before the Luna and ftx meltdown. People lose money yes for sure but your gains should be more than your loses. If you had made a life changing gain in crypto I don't think you would be here talking bad about cryptos

All they ever think of and implement are taxes that even the federal government's cannot directly generate e.g stamp duty on electronic fund, which is being generate solely through the efforts of the bank's.

That is incapable our government and its systems are.
To generate taxes they outsource it because they know how inefficient they are.
But they will never outsource the welfare of the citizenry.
Consultants will never be contracted to share palatives, but consultant would be contracted to collect tax.

Onucs:
FG dey whine me?

U banned something and still want to task the same thing.

Who did we offend in this country that Jah have to punish us with such useless leaders

Can you imagine it doesn't make any sense

OnionBandit:
Restricting it doesn't mean it shouldn't be taxed. It's just a way of discouraging it because of the high volatility of the market and the unknown actors behind it.

Most of us who are into crypto will tell you the Government has been vindicated. More than 99% of investors have lost over 90% of their investment in crypto..Market has been bleeding for over a year now and the blood is still fresh and running.

I won't forget the day I woke up to see my investment of a million naira dropped to less than 50k. My own sef small..You need to see how a friend could not eat well for days because his own dropped from around 11million to less than 100k.

Well, all these story no concern Government. That tax must be paid. Tax and death are the only certain things in life

Same Crypto that was banned? This government is as useless as Tinubu

Patriotsleague:
Government have right to tax it, just like every service being taxed that is used by Nigerians.

The taxes will come from the owner's of those digital crypto platforms. I wonder why Nigerians love others more than their government. It's foolishness, whether they steal taxes or not, we need taxes.

You lack sense just look at your last statement wether there steal it or not,shows how dull you and the Nigerian govt are .

You cant tax what you have already banned besides what do you know about crypto?

Please when investing in crypto, you need to understand the details of it and always be updated on it. Also try to diversify your investments. Crypto is almost like companies stocks, high today and crashes low tomorrow.

OnionBandit:
Restricting it doesn't mean it shouldn't be taxed. It's just a way of discouraging it because of the high volatility of the market and the unknown actors behind it.

Most of us who are into crypto will tell you the Government has been vindicated. More than 99% of investors have lost over 90% of their investment in crypto..Market has been bleeding for over a year now and the blood is still fresh and running.

I won't forget the day I woke up to see my investment of a million naira dropped to less than 50k. My own sef small..You need to see how a friend could not eat well for days because his own dropped from around 11million to less than 100k.

Well, all these story no concern Government. That tax must be paid. Tax and death are the only certain things in life

OnionBandit:
Restricting it doesn't mean it shouldn't be taxed. It's just a way of discouraging it because of the high volatility of the market and the unknown actors behind it.

Most of us who are into crypto will tell you the Government has been vindicated. More than 99% of investors have lost over 90% of their investment in crypto..Market has been bleeding for over a year now and the blood is still fresh and running.

I won't forget the day I woke up to see my investment of a million naira dropped to less than 50k. My own sef small..You need to see how a friend could not eat well for days because his own dropped from around 11million to less than 100k.

Well, all these story no concern Government. That tax must be paid. Tax and death are the only certain things in life

Please list the coins you bought that dropped that low, lemme go quickly buy lolz

Patriotsleague:
Government have right to tax it, just like every service being taxed that is used by Nigerians.

The taxes will come from the owner's of those digital crypto platforms. I wonder why Nigerians love others more than their government. It's foolishness, whether they steal taxes or not, we need taxes.

How will they even know nigerians who hold cryptos in their wallets?

Hezzyluv:



Are you for real or Mr. Anyawu Okoli hiding under the pretence of Haruna Mustapha?

check his history he is igbo. They think this is how to smuggle peter obi to win

OnionBandit:

More than 99% of investors have lost over 90% of their investment in crypto..Market has been bleeding for over a year now and the blood is still fresh and running.

What percentage of Nigerians have lost their investments purely from the government successfully getting N700=$1 from N210 that they met it. Should we also not have believed in the Naira?

Cantonese:


Don’t confuse yourself. Also do not attempt to defend the government because you had challenges in the matter, unfortunately.

When you say “this thing is not good for my family and I”, how then do you underground attempt to make some gain out of the same rejected thing?

If government has advised Nigerians to keep away from cryptos, there is absolutely no sense in taxing the same. You do not place tax on prohibited goods. You ensure that they should not get into your country or homes. So if government taxes cryptos, somehow the same government encourages the people to continue with it.

dont mind her. Lot of stupid people on this nairaland.

jackobi:
Please when investing in crypto, you need to understand the details of it and always be updated on it. Also try to diversify your investments. Crypto is almost like companies stocks, high today and crashes low tomorrow.

the thing is people like that girl just heard people were making money from crypto and the next thing is they put money in. Silly folks

OnionBandit:
No matter how you try to put it, you will still find some all over your mention telling you that you bought at the top and sold at the bottom and all those silly talks. I have been a crypto trader for years and I can tell you it's not for the faint hearted. No matter how skilled you are, you can get caught up in the middle of one fraud or an ugly development somewhere which can turn your investment to dust.

crypto trader my ass. A true trader wont talk like you. Crypto trader with only 1m after how many years in crypto na only N1m you get in crypto. Bunch of jokers. Yes losing in this game is not preventable but trust me you are a green horn. You know nothing. I am sure you are just following some guys

OnionBandit:
it's unfortunate most of you don't understand how government works. Take cigarette as an example, it is highly discouraged by the government but it is still being taxed. I hope this will make you understand

Yes, I do understand you my dear.

Does government truly discourage cigarette smoking in the sense of it? Do you remember MMM? It was taken up by the National Assembly and government seriously acted on it. Government did not choose the path of taxing the people.

Taxation encourages. It exposes opportunities to be explored.

benqo01:


You lack sense just look at your last statement wether there steal it or not,shows how dull you and the Nigerian govt are .

You cant tax what you have already banned besides what do you know about crypto?

You are foolish, so because they have corrupt public officers, they should stop collection of taxes

Blaqputin:

This one is from the league of patriotic thieves...... nonsense comment. Started well,ended foolishly.

Do you mean because they are corrupt public officers, government should stop collecting taxes, from online platforms, which are mainly foreign?

OnionBandit:
Restricting it doesn't mean it shouldn't be taxed. It's just a way of discouraging it because of the high volatility of the market and the unknown actors behind it.

Most of us who are into crypto will tell you the Government has been vindicated. More than 99% of investors have lost over 90% of their investment in crypto..Market has been bleeding for over a year now and the blood is still fresh and running.

I won't forget the day I woke up to see my investment of a million naira dropped to less than 50k. My own sef small..You need to see how a friend could not eat well for days because his own dropped from around 11million to less than 100k.

Well, all these story no concern Government. That tax must be paid. Tax and death are the only certain things in life

Big liar. You cannot be in crypto and be happy the govt want to tax it. Liar. Besides wgat does taxing have to do with regulations you mentioned up there. Useless guy

How can you tax what you banned? Nawa

Greatechng:


Good question

That possibly means they want to lift the ban.

Or na misfire talk!

Tohmey:
choi my own wey be 100k drop to 10k till since january till today never rise again
Crypto na big ponzi scheme

To you its a ponzi scheme when you buy high and sell low, dont know anything about crypto, no education, no research but put your momey in anything you see

xevove2061:


Big liar. You cannot be in crypto and be happy the govt want to tax it. Liar. Besides wgat does taxing have to do with regulations you mentioned up there. Useless guy

See this f00lish ipob boy o! I tell you say e dey sweet me? I am only saying it as it is. Plus if you get sense, you go know say no be everything Government fit see

How can you tax what you banned?

Emefiele is a village clown. They should have tried to regulate it and then taxed it but rather because it rattled them during the End SARS, they banned it outright.

Now you want to tax it. Funny people.

OnionBandit:
Restricting it doesn't mean it shouldn't be taxed. It's just a way of discouraging it because of the high volatility of the market and the unknown actors behind it.

Most of us who are into crypto will tell you the Government has been vindicated. More than 99% of investors have lost over 90% of their investment in crypto..Market has been bleeding for over a year now and the blood is still fresh and running.

I won't forget the day I woke up to see my investment of a million naira dropped to less than 50k. My own sef small..You need to see how a friend could not eat well for days because his own dropped from around 11million to less than 100k.

Well, all these story no concern Government. That tax must be paid. Tax and death are the only certain things in life

on another episode of tales that never happened.

Whodhell!told those corrupt fuuuuls about crypto,digital assets sef?

ijustdey:
FG to tax cryptocurrency, other digital assets in 2022 finance bill, says Zainab Ahmed



https://www.thecable.ng/fg-to-tax-cryptocurrency-other-digital-assets-in-2022-finance-bill-says-zainab-ahmed/amp

They are senseless.How can u tax wat u hav already banned.Its like saying u want to collect 20years tax frm tinubu drug proceed wen drugs peddling has been already banned since 1960...

That is their business. All my transactions are done using p2p and I don't think that can be taxed.

LegalWolf:


Government NEVER banned crypto. It is not illegal in Nigeria. CBN only restricted banks from facilitating end-to-end transactions crypto transactions

but some people got their accounts held..That's why we do P2P and can't even use crypto related words in description..

OnionBandit:
bro, it's not always so. Most projects don't survive bear season. For most projects that have crashed from say 20usd to 0.01 USD, they don't ever recover. Only a few with good use case

There is always Ponzi in almost all spheres of life..we hope for the best ...If you are very experienced check Evergrowcoin, brise/bitgert and transhuman coin(THC)...
What do you think..

Nemesis will surely catch up with these people when they leave office.

Jestin:
Same Crypto that was banned? This government is as useless as Tinubu

Exactly. I couldn't have said it any better

Confused government, how can you tax an asset you never believed in and called it a scam without understanding the basics of blockchain technology. Until a country accept crypto currency as a legal tender, they don’t have any moral right to lay tax claims on it.