FIRS seeks legislative backing to regulate crypto industry

The Federal Inland Revenue Service (FIRS) is seeking the support of the National Assembly to enact a comprehensive law regulating the cryptocurrency industry in Nigeria.

The move comes as the government grapples with the challenges and opportunities presented by this rapidly evolving digital asset.

FIRS Executive Chairman Zacch Adedeji made the announcement, on Saturday, at a stakeholder engagement with the Senate and House Committee on Finance.