Vavada Banner
BTC $67,809.00 (-1.04%)
ETH $2,052.01 (-0.52%)
XRP $1.41 (-2.43%)
BNB $629.95 (+0.17%)
SOL $87.74 (-0.75%)
TRX $0.28 (-0.25%)
DOGE $0.10 (-2.89%)
ADA $0.29 (-1.57%)
BCH $484.31 (-3.38%)
LEO $8.79 (+0.07%)
HYPE $28.97 (+2.70%)
LINK $9.24 (+0.01%)
CC $0.17 (-1.59%)
XMR $347.95 (-0.10%)
XLM $0.16 (+0.03%)
RAIN $0.01 (-0.26%)
HBAR $0.10 (+1.90%)
LTC $56.11 (-1.05%)
AVAX $9.44 (-0.50%)
ZEC $241.99 (-4.49%)

Argentina vs Nigeria

Crypto regulation comparison

← Back to map | Argentina | Nigeria
Argentina

Argentina

Nigeria

Nigeria

Legal
Legal

Cryptocurrency is legal in Argentina and widely adopted due to persistent inflation and currency controls. The CNV regulates crypto service providers under a 2024 registration framework. Argentina has one of the highest crypto adoption rates globally, with stablecoins used as a hedge against peso devaluation.

Nigeria has the highest crypto adoption rate in Africa and among the highest globally. After the CBN banned banks from servicing crypto exchanges in 2021 (driving activity to P2P), the ban was lifted in December 2023. The SEC Nigeria now regulates digital asset exchanges and issuances under its Accelerated Regulatory Incubation Programme (ARIP). Nigeria's progressive rates up to 25% applies to crypto disposals.

Tax Type Income
Tax Type Capital gains
Tax Rate 5% (peso-denominated) / 15% (foreign currency)
Tax Rate Progressive: up to 25% (individuals) / 30% (companies)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CNV (Comisión Nacional de Valores), BCRA
Regulator SEC Nigeria, CBN (Central Bank of Nigeria)
Stablecoin Rules No specific stablecoin regulation; USD-pegged stablecoins widely used informally
Stablecoin Rules Stablecoins subject to SEC digital asset rules
Key Points
  • CNV registered as the regulatory authority for virtual asset service providers (VASPs) under FATF guidelines
  • Crypto gains taxed as income under the income tax law at progressive rates
  • High adoption driven by inflation and capital controls on the Argentine peso
  • Exchanges must register with the CNV and comply with AML/KYC requirements
  • No legal tender status for crypto; the peso remains the only legal tender
Key Points
  • CBN lifted the 2021 banking ban on crypto in December 2023
  • SEC Nigeria oversees VASPs under the Investments and Securities Act and ARIP
  • Progressive rates up to 25% applies to profits from crypto asset disposals according to Nigeria Tax Act 2025 (eff. Jan 2026)
  • Nigeria ranks among the top 5 globally for crypto adoption (Chainalysis index)
  • P2P trading dominates the market; Binance and other platforms face regulatory scrutiny
Sources
Sources