A new solution allows crypto-currency holders to convert digital assets into property ownership.
Crypto investors initially expected a Trump victory, but Harris has gained ground, making it a tight race, with various crypto-currency scenarios in play.
From mainframes to quantum computing, Absa Group CIO Johnson Idesoh provides an overview of the bank’s outlook on some key technologies.
Since SA is still at the beginning of its crypto asset regulatory journey, it is expected that further clarity will be provided in the future, says Lerato Lamola, partner at Webber Wentzel.
Eleven blockchain-based projects at different development and deployment stages were presented and demonstrated to the attendees.
Crypto-currency is subject to the same tax and foreign exchange control regulations as fiat currency, says IITPSA.
The burgeoning crypto sector leads the taxman to enforce tax compliance, as some taxpayers fail to declare these assets and trades on their returns.
SARS is increasing its scrutiny of crypto traders by issuing tax notices and clarifying exchange control regulations. Traders must immediately comply to avoid penalties.
Effective anti-money laundering verification safeguards the integrity of the financial system and helps maintain compliance with regulatory requirements.
The fintech firm plans to expand its crypto offerings after being awarded a Crypto Asset Service Provider licence by FSCA.