Tag: CBEX Scam
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How to Navigate FIRS Guidelines for Crypto Taxation in Nigeria, 2025
Nigeria’s crypto landscape has evolved rapidly, with the Federal Inland Revenue Service (FIRS) implementing stringent guidelines to formalize crypto taxation in Nigeria under the Investment and Securities Act (ISA) 2025. As NFT marketplaces flourish and local artists monetize digital art, understanding these rules is critical to avoid penalties and maximize profitability. This article breaks down…
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How to Avoid Crypto Scams in 2025
The rise of cryptocurrencies has unlocked unprecedented financial opportunities, but it has also fueled a surge in crypto scams targeting unsuspecting investors. In 2025, Nigeria’s $800M CBEX collapse became a stark reminder of the risks associated with unregulated platforms. This article dissects the CBEX Ponzi scheme, highlights red flags for investors, and outlines actionable steps…