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South African taxman goes after crypto traders to rein in taxes

South African taxman goes after crypto traders to rein in taxes

The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.

FATF report: Global crypto regulation still lagging

97% of African countries struggle with crypto compliance: FATF

FATF’s latest review also reveals that 75% of jurisdictions globally fall short of crypto compliance.

FSCA Commissioner Unathi Kamlana

From rigid rules to flexible principles: South Africa’s approach to financial innovation

South Africa’s financial conduct regulator aims to foster innovation while protecting consumers, as crypto licensing efforts continue.

South Africa grants 63 new crypto licenses

South Africa grants 63 new crypto licenses

This brings the total approved crypto licenses in South Africa to 138. On- and off-ramp crypto service Kotani Pay is one of the newest licensees.

Scoop: South Africa announces 30 investigations into crypto activities

Scoop: South Africa announces 30 investigations into crypto activities

FSCA has formed a special team to probe unlicensed crypto services amid ongoing regulatory efforts. 30 cases are under scrutiny as South Africa seeks to balance innovation and compliance.

Tether CEO Paolo Ardoino

USDT issuer Tether partners NODO for stablecoin education in Africa

The partnership comes amid an intensifying battle for stablecoin market share in Africa. Last year, stablecoin volume exceeded $30 billion.

South African taxman is cracking down on crypto traders: report

South African taxman is cracking down on crypto traders: report

SARS is working closely with the South African Reserve Bank (SARB), along with international information exchanges on eliminating non-compliance.