The inaugural opportunity to purchase property using cryptocurrency will take place at Broll Auctions and Sales’ upcoming auction in Johannesburg on November 21, 2024
Bitcoin has surged to an all-time high of $80,000, setting a new record just days after the 2024 US election. Reaching its peak on Sunday, this milestone supports analysts’ predictions that the crypto asset could surpass $100,000 by the end of the year.
Crypto participants will be required to submit weekly and monthly trading statistics to the SEC, providing the commission with access to the billion-dollar industry. The SEC’s initiative aligns with Nigeria’s efforts to implement a 7.5 percent value-added tax (VAT) on crypto transactions.
In a statement signed by Lucky Uwakwe Arisukwu, the chairman of the body, the inter-community working group expressed concern over the extended legal battle with the global crypto exchange platform Binance. This conflict, they argue, threatens to damage the nascent Nigerian blockchain industry.