Decrypting Crypto
Skyways|July 2018

Blockchain technology is rapidly gaining momentum

- Darren Gorton
Decrypting Crypto

Cryptocurrencies are dominating the media. This one has collapsed, that one is on the rise, and a new one is around the corner. Their flavour isn’t quite as piquant today as it was yesterday thanks to fraud, an upsurge in Initial Coin Offerings (ICO) and the challenges that face their legislation and regulation across country and government.

In April, the South African Revenue Service (SARS) announced that it will be treating cryptocurrencies using normal income tax rules. Affected taxpayers will, therefore, be expected to declare cryptocurrency gains or losses as part of their taxable income in the tax year in which they are accrued.

Cryptocurrencies are often confused with block chain, which is a complex, layered technology that provides the backbone of cryptocurrency, but has the potential to deliver much more to enterprise, industry and the consumer.

この蚘事は Skyways の July 2018 版に掲茉されおいたす。

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この蚘事は Skyways の July 2018 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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