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The tax implications of investing in crypto
Cryptocurrencies have entered the mainstream in the past few years, attracting the attention of tax authorities in leading economies. While cryptocurrencies may have been conceived as an act of rebellion against the existing financial order, the taxman will still claim his piece of the pie. Tax consultants have warned that the South African Revenue Service (Sars) is starting to audit cryptocurrency investors and demanding that they provide proof of transactions from the various crypto investment platforms. Yet the tax implications of cryptocurrency trading and investing remains murky, in part due to the complexity ... (full story)