Objective: This study aims to investigate the tax implications of cryptocurrency and other digital assets. It also aims to test the extent that tax evasion, digital technology, tax education and encryption of transaction could affect taxation of cryptocurrencies in Nigeria.

Methodology: A correlation survey research design was adopted for this study and the sample size of 300 was determined from a population of 1,200 using Taro Yamane formula.

Findings: There are significant positive relationships between digital technology as well as tax education on taxation of cryptocurrencies while there is a negative significant relationship between tax evasion on crypto currency taxation. Besides, encryption of digital transactions has a negative and insignificant effect on the taxation of digital assets like cryptocurrencies.

Research Limitations: The sample size is small and the number of studies is not enough for some variables. The study was also conducted in a developing country that has just ventured into the nascent space of digital assets taxation, and therefore the outcomes of the study should not be generalized but be interpreted with some elements of cautions.

Originality/value: This study contributes to cryptocurrencies taxation research by providing empirical evidences of the relationships that exist between tax evasion, digital technology, tax education and encryption of transaction and their effects on taxation of digital assets.