For years, South African digital asset investors navigated a gray area of tax compliance. The new 31-page draft guide from SARS eliminates that ambiguity, detailing exactly how capital gains, crypto-to-crypto swaps, and mining rewards will be taxed. With AI-driven audits on the horizon, we break down what this definitive framework means for your portfolio.
In November 2023, the Australian Tax Office (ATO) published updated web guidance that mainly echoed that they were in charge and not the industry. The Australian crypto tax guidance will treat DeFi actions (including “wrapping” and “unwrapping” tokens) as capital gains tax events. However, within weeks, responses to its efficiency were harsh. arrison Dell, director of crypto tax laws specialist…
The debate around central bank digital currencies is almost obsolete, with Africa already learning from past scenarios. For instance, the Central Bank of Nigeria (CBN) made a striking confession at the Cedi @ 60 conference. “It’s not a rosy story… Nigerians were not interested in the eNaira… The market was already providing solutions.“ These candid…
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