Tito Mboweni - Minister of Finance of South Africa - announced the news:

Hazır Following extensive industry interpretation and participation, the crypto assets regulatory workgroup is expected to be ready to publish a final research report on the subject during 2019. “

The finance minister said the South African Revenue Service is trying to include crypto currencies in tax forms next year.

In addition, this amendment ensures that crypto currencies are not classified as capital gains tax personal use assets. Instead, he said he would consider the crypto to be a VAT-based financial service.

In June, the Central Bank of South Africa successfully guided an interbank payment system that uses the fragmented nominal currency.

According to the July survey by the Pan-African financial services company Old Mutual; cryptographic units are welcomed by 38 percent of South Africans. Because this sector is willing to invest.

Source: cointelegraph