Report by South Africa's Reserve Bank Makes Strides Toward Crypto Clarity in the Country

Report by South Africa's Reserve Bank Makes Strides Toward Crypto Clarity in the Country
фото показано с : cointelegraph.com

2019-1-23 20:10

South Africa is looking to foster the growth of the cryptocurrency sector by developing a positive regulatory framework

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africa south → Результатов: 96


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Ecobank Report Finds Significant Presence of Crypto in 36 African Countries

A report published by the pan-African bank, Ecobank Transnational Inc. , has found that despite cryptocurrencies exerting a notable presence in each of the 36 African countries in which the company operates, only South Africa and Swaziland have adopted a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies.

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Officials in South Africa Propose VAT-Exemption for Bitcoin Trades

Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed.

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