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PARAGRAPHSouth Africa and Cryptocurrency.
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Is #Crypto trading legal in South Africa?Cryptocurrencies are not issued nor controlled by a central regulatory authority, hence, they are not considered to be legal tender in South Africa. Currently. Do you have to pay tax on crypto in South Africa? Yes, normal income tax rules apply to crypto assets and affected taxpayers need to declare crypto assets'. While government officials have advised against the use of bitcoin, there is no legislation against it and it remains fully legal. South Africa. Legal.
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