The South African government is stepping up efforts to regulate cryptocurrency trading. The South African Revenue Services (SARS) is issuing tax notices and clarifying regulations, likely using artificial intelligence (AI) to identify non-compliant traders. SARS is also requiring licensed digital asset firms to share information, with non-compliance considered a criminal offense. The South African Reserve Bank (SARB) has clarified rules for crypto purchases, allowing individuals limited investment but restricting companies. These actions signify a new era of accountability and transparency in the country's crypto industry. Traders must adapt to these changes to remain compliant and protect their financial interests.



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