HODL

Apart from outright dollarisation, the new tax law could birth a startup with a modus operandi similar to @EtherFi Users lock up USD stablecoins like USDC or USDT as collateral and get credited with naira directly to their local bank accounts, which they can spend without selling their crypto assets. Since loans are not taxable because they are treated as debt, not income or realised gains, people can transact while still staying exposed to dollar value, without triggering a tax event. In a high inflation environment, this becomes a clean, tax efficient bridge between crypto holdings and everyday spending. Finally let’s just hope the government doesn’t resort to legalising CBDC as a response to dollarisation.