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3232South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
https://www.digit.info/south-african-finance-minister-seeks-to-stop-pension-funds-from-investing-in-cryptocurrencies/
Mon, 01 Nov 2021 09:46:04 +0000https://www.digit.info/2021/11/01/south-african-finance-minister-seeks-to-stop-pension-funds-from-investing-in-cryptocurrencies/Read more]]>South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants […]
]]>Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
https://www.digit.info/report-tweaks-to-south-african-tax-filing-system-to-result-in-decreased-crypto-arbitrage/
Sat, 17 Jul 2021 06:00:36 +0000https://www.digit.info/2021/07/17/report-tweaks-to-south-african-tax-filing-system-to-result-in-decreased-crypto-arbitrage/Read more]]>Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need […]
]]>South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them
https://www.digit.info/south-african-crypto-holders-urged-to-approach-tax-body-before-it-descends-on-them/
Wed, 19 May 2021 07:30:24 +0000https://www.digit.info/2021/05/19/south-african-crypto-holders-urged-to-approach-tax-body-before-it-descends-on-them/Read more]]>A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that […]
]]>MTI CEO and Wife Issued With Provisional Sequestration Order by South African High Court
https://www.digit.info/mti-ceo-and-wife-issued-with-provisional-sequestration-order-by-south-african-high-court/
Tue, 27 Apr 2021 06:30:04 +0000https://www.digit.info/2021/04/27/mti-ceo-and-wife-issued-with-provisional-sequestration-order-by-south-african-high-court/Read more]]>A South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam. Sequestration Not Final According to a report, the order was reportedly served on the Steynbergs’ […]
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants […]
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need […]
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that […]
A South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam. Sequestration Not Final According to a report, the order was reportedly served on the Steynbergs’ […]