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Cryptocurrency And Blockchain News In South Africa. May 2018


Earlier this year, the South African Reserve Bank (SARB) revealed its plans to launch an initiative called Project Khokha, to experiment with distributed ledger technologies.
The project’s goal is to replicate interbank clearing which currently runs on the South African Multiple Option Settlement system.
Click here. for the rest of the article on My Broadband.

Or here for a Steemit article regarding the SARB trialing Bankymoon.

SARS’S STANCE ON THE TAX TREATMENT OF CRYPTOCURRENCIES

PRETORIA, 06 April 2018 - The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income.
Click Here. (Link to SARS website info)

Or

Click Here. (Find out how Luno helps you pay your taxes earned from Crypto gains)

And for general interest this article written by Kent Barton who believes the enemy of the Crypto community is not just the financial establishment:

"Let’s start with a simple and powerful premise: distributed computing has the potential to make the world a better and freer place.
Can this fast-evolving technology actually fulfill that grand promise? While early indicators are good, we also face a mortal enemy: ourselves.

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