Do you have crypto assets?

[Jings]

It's really silly for government to want to charge tax for every sell or swap coin when there are traders who buy sell multiple times daily. And what if someone uses a bot to sell and rebuy? They really need to think this through.

UK has the tax down perfect as only the overall gain or loss is considered in the tax year, thereby encouraging citizens who trade crypto to declare income.

Sometimes I really wonder who they consult when making the rules.

 

[TelkomUseless]

I can't confirm nor deny that question

 

[Jings]

I can't confirm nor deny that question

Exactly. Now if government defined all crypto as capital it would make it much easier overall. And they could make it scalable, starting at 18%. Less of a headache for SARS and taxpayers.

 

[matt11]

Other:
Hi Mr. Mboweni, hi Mr. Kieswetter...

Even if I did have any crypto assets, and had managed not to lose the keys in a Tragic Boating Accident, I would most certainly reserve comment.