The Federal Inland Revenue Service (FIRS) of Nigeria recently stated that its goal is to submit a tax bill targeting the cryptocurrency industry to parliament before September. This move aims to regulate cryptocurrency activities and introduce a taxation mechanism. FIRS Executive Chairman Zacch Adedeji explained this plan during a meeting with the Senate and House of Representatives Committees on Finance. He pointed out that it is necessary to first establish laws to manage such behaviors and emphasized that legislative bodies will play a key role in this process, serving as the foundation for taxation.