Nigeria to tax crypto 1.5%; SA targets spam callers, crypto outflows

Nigeria’s tax authority has announced a 1.5% stamp duty on eligible cryptocurrency transactions, to be deducted by registered virtual asset service providers before remittance to the government. The move follows the 2025 Investment and Securities Act that classified virtual assets as securities, though regulators have since split oversight between the CBN and SEC, and expanded the SEC’s regulatory sandbox for digital asset platforms.

In South Africa, amendments to the Consumer Protection Act now allow fines of up to R1 million (about $60,560) or 10% of a company’s annual turnover for unsolicited spam calls. Marketers must register with the National Communications Commission and scrub call lists against an opt‑out registry. Truecaller reported 5.38 billion spam calls in the first two months of 2026, a 22.9% rise year‑on‑year, prompting the crackdown to protect consumers.

South Africa’s National Treasury and Reserve Bank have issued a draft manual treating offshore crypto transfers as cross‑border capital flows that must be reported to the Financial Surveillance Department. Domestic crypto transfers via licensed local providers remain non‑reportable, signalling a move toward regulated crypto flows rather than regulatory ambiguity.

The Democratic Republic of Congo has suspended a controversial digital tax that would have charged up to $100,000 on digital businesses after a backlash from startups. Authorities say the pause allows clarification while affirming commitment to entrepreneurship under the 2022 startup law and Digital Code.

Meanwhile, tech‑focused events are upcoming: the Naira Life Conference 2026 on August 22 at Jewel Aeida in Lekki, Lagos, and Moonshot 2026 on October 28‑29 at the National Theatre in Lagos, offering early‑bird discounts.

SOURCE: https://techcabal.com/2026/08/04/techcabal-daily-death-taxes-and-crypto/