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.
The continent’s blockchain businesses raised $34.7 million − a 9% increase in the number of deals compared to 2023.
The industry body appoints a new board of directors to prioritise rooting out crime in SA’s e-commerce sector.
Crypto expert Frank Leonette’s new regulatory technology start-up, GloRep, will tackle the country’s financial compliance issues.
It is time to pay attention to the ‘what happens next’ part of cyber security, says Richard Frost, head of consulting at Armata.