South Africa

Italy Registers a Boost in Cryptocurrencies and Other Digital Payments
Feb 16, 2020 at 08:28
News
Italy Registers a Boost in Cryptocurrencies and Other Digital Payments
Making a digital payment, e.g. using cryptocurrency is still, for many Italians, an operation that could potentially be a security risk. To highlight it is a study conducted by Luno, a company specialized in cryptocurrencies, through the Dalia Research platform on a sample of a thousand people for each of the countries taken into consideration are Italy, France, Indonesia, the United Kingdom, Malaysia, Nigeria and South Africa.
Bitcoin Ponzi Scheme Left African Investors with No Money
Jul 09, 2019 at 14:35
News
Bitcoin Ponzi Scheme Left African Investors with No Money
Another Ponzi scheme, dubbed Bitcoin Wallet, left investors with nothing, according to the Ladysmith Gazette. The investment scheme was one of the most lucrative projects in South Africa that saw many potential people, investors and companies willingly put their money in it, with the hope of acquiring abnormal returns in the shortest time possible.
Iran to Use its Cryptocurrency in Trades with Europe, UK, Russia and South Africa
Feb 01, 2019 at 13:27
News
Iran to Use its Cryptocurrency in Trades with Europe, UK, Russia and South Africa
The head of Iran’s Trade Promotion Organization (ITPO) has said that the country is in talks with senior representatives from 8 nations to begin transactions with its ‘IranCoin’ - the newly created State-backed digital currency, Crypto-Rial, according to Tehran Times, a local news outlet.
Regulators Exclude South Africa Blockchain & Crypto Developers from Tax Incentive
Jan 28, 2019 at 13:19
News
Regulators Exclude South Africa Blockchain & Crypto Developers from Tax Incentive
In a struggle that will change the face of blockchain development in the nation and the continent at large, the South African Reserve Bank (SARB) has softly left out digital currency developers from a tax incentive that is particularly aimed at technological innovation, according to a report by BusinessLive.
South Africa's Draft Tax Law Would Deter Crypto Use
Nov 28, 2018 at 09:40
News
South Africa's Draft Tax Law Would Deter Crypto Use
Are Reserve Banks and Treasuries dodging the inclination of digital currencies? Crypto has gathered great momentum in the last few years and has now become a perilous, but very profitable, investment or trading alternative. South Africa has been delaying the regulation of cryptos and for a long time, their use has been totally unregulated.
South Africa Revenue Service Delving Into Blockchain Tech for Tax Declarations
Aug 25, 2018 at 12:41
News
South Africa Revenue Service Delving Into Blockchain Tech for Tax Declarations
Crypto continues to garner a lot of interest in South Africa (S.A), particularly taking into account the recent news of government corruption and land expropriation. Citizens are comprehensively worried about the future of the country's economy and are searching for alternative means to store wealth.
South Africa’s Central Bank Flourished in Blockchain Payment Trail
Jun 08, 2018 at 12:05
News
South Africa’s Central Bank Flourished in Blockchain Payment Trail
The Central Bank of South Africa disclosed flabbergasting outcomes on Tuesday for a particular trial of its blockchain-based system for interbank clearance and settlement.
Video Digest, April 11: South Africa to Tax Bitcoin, Wall Street is Getting into Cryptocurrency
Apr 11, 2018 at 11:01
News
Video Digest, April 11: South Africa to Tax Bitcoin, Wall Street is Getting into Cryptocurrency
Welcome back to the Coin Idol TV News channel. Digest on April 9 features the following topics from the world of Blockchain and cryptocurrency: South Africa to tax any activity related to cryptocurrencies, such as bitcoin, Wall Street getting into cryptocurrency makes BTC price go up.
South Africa to Tax any Activity Related to Cryptocurrencies, Such as Bitcoin
Apr 10, 2018 at 16:51
News
South Africa to Tax any Activity Related to Cryptocurrencies, Such as Bitcoin
The South African Revenue Service (SARS) announced in a statement on Friday, April 6, the new tax treatment of digital currencies, obligating citizens to declare any income from trading as well as mining. Disobedience will cost interest and penalties.
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