Crypto assets: Current and future tax and exchange control considerations

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Written by Tsanga Mukumba
overseen by Louis Botha

Crypto assets are a young and boisterous part of the current financial landscape. Recent developments point to crypto assets becoming an entrenched, although still volatile, part of the global financial system. A prime example is El Salvador, which on 7 September 2021 became the first country to allow the use of a cryptocurrency as legal tender. In the same week, the US Treasury held engagements with industry representatives to gain insight into the regulatory requirements for a crypto asset known as “stablecoins”.

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