Crypto Myth #1: I do not have to pay tax in the United States on my Crypto In conversation revolving around crypto and taxes, one would always hear somebody mention “crypto is not taxable”. Despite crypto being more than a decade old, this myth is still around. In the...
Crypto Myth #1: I do not have to pay tax on my Crypto in South Africa If you have ever been in a conversation revolving around crypto and taxes, you will always hear somebody mention “crypto is not taxable” or “nobody knows how to tax it”. Shockingly, this myth is...
The much-anticipated Digital Asset Executive Order will be signed today, 9 March 2022. The market is feeling the positivity with the first breath of fresh air, with Bitcoin topping the $41K mark. The Order is the first-ever whole-of-government approach and will be...
Staking tax has been a contentious issue. Joshua and Jessica Jarrett, better known as the Tezos validator who took the Internal Revenue Service (IRS) to court, are creating big waves in the crypto industry, setting a possible precedent for how authorities will tax...
Current Situation United States Crypto Regulations have made headlines and created many discussions in recent months. In 2022 we are seeing a clear focus on regulation in the U.S. especially after the breaking news that the Biden administration wants Crypto...
(Disclaimer: This does not constitute financial advice) The need for crypto regulation Since Bitcoin’s official launch in January 2009, the growth of this technology has been exponential, growing much faster than the internet in the early 1980s. With such growth,...