South African Revenue Service: Cryptocurrency asset traders must register with the tax center, otherwise it is illegal

Odaily News Edward Kieswetter, director of the South African Revenue Service, said that all taxpayers, exchanges and intermediaries involved in crypto asset transactions must complete registration with the tax authorities, otherwise it will be considered an illegal act. Kieswetter said that after completing the registration, the tax department will be able to track related business activities and strengthen supervision of the crypto industry. (Bloomberg)