South Africa’s Whites-Only Orania Community is Testing a Digital Currency

Exclusively populated by Afrikaners, the town of Orania located in the remote parts of South Africa’s Northern Cape Province, has had its own currency known as the Ora since 2004. Pegged to the rand, the Orania Chamber of Commerce has been responsible for printing the community’s currency. Now the town of approximately 1,600 people is […]

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Normal Tax Rules Apply to Crypto Income, Says South Africa

South Africans can declare cryptocurrency-related taxable income under standard rules, the country’s tax agency has said. In a statement issued on Friday, the South African Revenue Service (SARS) clarified its stance on tax treatment of cryptocurrencies, explaining that taxpayers who have either traded, received or mined cryptocurrencies are expected to report gains or losses Crypto […]

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