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Nigeria vs Slovakia

Crypto regulation comparison

← Back to map | Nigeria | Slovakia
Nigeria

Nigeria

Slovakia

Slovakia

Legal
Legal

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.

Cryptocurrency is legal in Slovakia and regulated under EU MiCA framework since December 2024. A 7% reduced tax rate for long-term holdings was passed in 2023 but repealed by the consolidation package before taking effect. Crypto gains are taxed at standard income tax rates of 19-25%. VASPs must be authorized by NBS under MiCA.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate Progressive: up to 25% (individuals) / 30% (companies)
Tax Rate 19-25%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SEC Nigeria, CBN (Central Bank of Nigeria)
Regulator NBS (Národná banka Slovenska)
Stablecoin Rules Stablecoins subject to SEC digital asset rules
Stablecoin Rules Regulated under EU MiCA framework
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
Key Points
  • 7% tax rate for long-term holdings was passed in 2023 but repealed before taking effect
  • Crypto gains taxed at 19% (income up to €47,537) or 25% (above threshold)
  • VASPs must register with NBS for AML/CFT compliance
  • MiCA framework applicable since 30 December 2024; NBS grants authorizations
  • MiCA framework applicable from December 2024
Sources
Sources
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