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Bitcoinist 2024-10-14 03:00:49

South African Revenue Service Cracks Down On Crypto With New Tax Rules

In an update shared over the country’s news agency, the South African Revenue Service (SARS) has called taxpayers to declare their digital currencies and other crypto assets through its Voluntary Disclosure Programme (VDP). Related Reading: Blockchain Takes Root: USDA Approves Blockchain-Based Certification System Given the increasing popularity of digital assets like Bitcoin and Ripple’s XRP

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