Tag: crypto taxation in South Africa
Binance introduces new crypto tax system in South Africa
Binance tax will offer effortless retrieval of comprehensive reports on the profits and losses incurred within the platform.
The primary objective of the...
Stringent penalties imposed on unlicensed crypto companies in South Africa
If any Crypto firms do not comply with the new guidelines, they will face a fine of $510,000 or up to 10 years...
SARB laucnhes PayShap, its first real-time digital payment platform
SARBS launched PayShap to the general public on Monday, March 13.
The real-time payment platform offers a safe way for banked and...
Driving force behind South Africa’s crypto adoption rate
According to forex brokers operating in South Africa, the Rand is one of the world's most traded currencies due to its high volatility...
South Africa sets the tone for proper crypto regulation in Africa
According to a working group study, daily crypto asset trading prices in South Africa "exceeded $145 million for the first time" in January 2021. The new restrictions are intended to increase transparency and reduce cryptocurrency usage for illegal purposes.