Having gone through the whole thing I realized that the UN or whatsoever its called are not being sincere with their analysis.
The agencys recommendation reads, To improve taxpayer compliance rates and combat tax evasion, tax authorities should clearly define the legal status of cryptocurrencies and require crypto exchanges, e-wallet providers, and DeFi platforms to report gross inflows and outflows on all business and personal accounts.
How can someone evade tax with something regarded as an illegal especially in a country like ours. Something is there that they're not willing to disclose to us, it can not be tax evasion. I don't know from which angle they're trying to bring the argument but I can assure them tax evasion is not part of it all.
Financial institutions in Nigeria are currently banned from facilitating crypto transactions by the Central Bank of Nigeria. Despite this ban, Nigerians traded at least N497.35bn ($1.16bn) worth of Bitcoin between January 2021 to June 2022.
I no understand this part, shey na punch add this statement abi na the UN give the data? How them take know this amount despite the ban still dey effective? Abeg make we no dey deceive each other na.