My advice with crypto is you got to know how to manage your expectations, there will be heavy bull runs and bearish cycles and note influencers main goals are to pump their bags. So research is key and if need be follow reputable (which can be hard to find) people when it comes to TA and FA...
Another option can be to convert your PayPal funds to crypto or Bitcoin and then cash that localy on an exchange (VALR or Luno). I may be misinformed but last i read that PayPal supports Bitcoin may be a schlep to get it functioning intialy but when sorted then you have the freedom to use your...
Luno was kwaai once, I’m no longer getting warm feelings from them. Moved over to VALR been happy since, even to the point of telling Luno to delete my fully verified account over a month ago. Up to now it still hasn’t been deleted/closed. If you not happy with luno, start migrating to other...
These regulatory bodies are FOMO’ing because there is big money in crypto and they missed the boat to catch up to this space. It’s one reason why crypto regulations needs to be WELL thought out before attempting any sort of regulation. If they can’t figure it out then leave it alone but they...
Thing is Altcoin Trader, luno and VALR are sharing your info with SARS and SARB. So SARS will know what was moved out. Best option is to find a way to buy crypto overseas directly with fiat but that can be difficult or expensive to do so. Or use maybe a P2P platform but the liquidity on them...
So how does one submit tax for crypto. Will it be CGT and wouldn’t the 40k threshold hold here, or is it Income tax. Are there any good tax practitioners one could consult with regards to crypto. I’m so confused here!
MTN Black Friday deals are also nice. Can go prepaid or month to mont for now until Black Friday. The nice thing about them is you can also data share with other MTN numbers.
Haven’t tried it so I can’t recommend it, perhaps localbitcoins is one website that I’m sure would see a spike in usage here in SA. They use escrow as a means of facilitating their trades.
Nah that recent scam is big fish enough.
Some people already have reported having their credit card fiat deposits blocked to Binance. Standard bank and ABSA have given the excuse that it was under the orders from SARB to stop such transactions.
If SARB wants to it can do the same and give a...
Bottom line is SARB is going to make crypto or rather local exchanges collapse in SA, and there is no way these exchanges are going to put up any meaningful fight. I have my doubts yes millions will be lost but they know they will be fighting a loosing battle. SARB knows this also.
Eventually...
Ultimately Luno VALR or any local exchanges will eventually have to bow down to SARB as SARB can ban fiat transactions from them if they don’t comply, they do have that power.
I don’t think the local exchanges will put up much of fight as they might see it as a loosing battle. Yeah they can...