According to Bloomberg, Edward Kieswetter, the Director General of the South African Revenue Authority, stated that taxpayers, exchanges, and intermediaries involved in cryptocurrency trading have been required to register, otherwise it would violate the law. The South African Revenue Service (SARS) will use this as a basis to track its business activities and strengthen regulation of cryptocurrency trading to increase tax revenue. According to data, there are currently about 6 million South Africans holding cryptocurrency assets, and Southern Africa is one of the regions with the highest Bitcoin usage rates in the world. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40392