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🚀 $CYBER {spot}(CYBERUSDT) /USDT Ready for a Potential Breakout? Don't Miss This Setup! 🔥 📈 Trade Idea: CYBER/USDT After showing strong buying interest and holding above key support, CYBER is attempti

South Africa proposes crypto tax rules under existing tax framework Latest News Published Jul 5, 2026 South Africa's tax authority proposed draft guidance clarifying how crypto assets are taxed under 

South Africa proposes crypto tax rules under existing tax framework
Latest News
Published
Jul 5, 2026
South Africa's tax authority proposed draft guidance clarifying how crypto assets are taxed under existing income and capital gains tax rules, seeking public input until Aug. 31.South Africa's tax authority has proposed new rules that clarify how crypto assets are taxed under existing income and capital gains tax frameworks.
The South African Revenue Service (SARS) on Wednesday published draft guidelines on crypto asset taxation, applying South Africa's existing tax framework, primarily the Income Tax Act, 1962, alongside capital gains tax rules.
The draft provides that most crypto activities, including trading, swapping and spending, are generally treated as disposals that may trigger tax events. It still emphasizes that the rules depend heavily on each taxpayer's specific circumstances.
If adopted, the proposed guidelines are set to impact millions of local users, as SARS reported in 2024 that at least 5.8 million residents held crypto assets.
Crypto treated as an asset, not currency The guidance document reiterated that crypto assets are not legal tender or foreign currency, but rather intangible assets for tax purposes.
"The preferred interpretation of the legal nature of crypto assets is that, although highly versatile and capable of negotiability, they are not 'currency' and, consequently not
'foreign currency'," the agency said.

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South Africa proposes crypto tax rules under exist

BTC Prophet: 20-Day 380 Million HTX ChallengeHTX Invites You to Share 600K USDT in Gift PacksHTX Creation Challenge — Post and Win 1,500U 💥 Days before this seizure, the U.S. Treasury imposed sanction

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Days before this seizure, the U.S. Treasury imposed sanctions against two Brazilian nationals and four companies tied to Primeiro Comando da Capital, one of Latin America’s largest criminal organizations.Days before this seizure, the U.S. Treasury imposed sanctions against two Brazilian nationals and four companies tied to Primeiro Comando da Capital, one of Latin America’s largest criminal organizations.Brazilian Federal Police, in a major operation called “Exchange,” seized assets worth roughly $2 billion. The operation deployed more than 50 officers across São Paulo state to execute 13 search-and-seizure warrants and 11 temporary arrest warrants targeting a money laundering network tied to drug trafficking.

A federal court in São Paulo ordered the seizure of assets, valuables, and cryptocurrency belonging to the suspects, with preliminary analysis identifying transactions exceeding $1.92 billion.

The suspects could face charges including criminal association, money laundering, and tax evasion. The warrants covered addresses in São Paulo city, Santos, Praia Grande, and Santana de Parnaíba.

Days before the crackdown, the U.S. Treasury imposed sanctions on two Brazilian nationals and four companies allegedly linked to Primeiro Comando da Capital (PCC), one of Latin America’s largest criminal organizations.

“Exchange” was reportedly planned before the US sanctions were announced, but had to be accelerated after the Treasury’s designation.

Victor Henrique de Oliveira Shimada and Stella Stefanie Nunes Henrique de Oliveira, along with three Brazilian companies and one Portuguese firm, were sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for the alleged laundering of drug proceeds on behalf of PCC.

Shimada reportedly functioned as the connection between PCC operatives based in Florida and foreig

Brazil freezes $2 billion in assets after US sanct

BTC Prophet: 20-Day 380 Million HTX ChallengeHTX Invites You to Share 600K USDT in Gift PacksHTX Creation Challenge — Post and Win 1,500U 💥 On X, he wrote, “An entire generation of digital asset innov

On X, he wrote, “An entire generation of digital asset innovation developed outside the U.S., not because American entrepreneurs lacked the ambition, or American investors lacked the appetite, but because American regulators lacked the will.”

The SEC now wants to change that by creating what Atkins describes as “basic fairness and common sense” in applying securities laws to digital assets.

Last year, SEC Chairman Paul Atkins first announced “Project Crypto,” a major initiative to overhaul US securities laws for digital asset markets. The program aimed to make the United States the leading global crypto hub.

As previously reported by Cryptopolitan the SEC now expects the initiative’s implementation to pave the way for greater levels of compliant crypto activity nationwide. Atkins even added that U.S. crypto developers were never short on ideas or investment, only on regulators prepared to foster innovation.Based on the traditional Howey test framework, the Project Crypto initiative establishes a clear framework for token classification.

The SEC aims to define clear regulatory boundaries and replace the guessing system that was at risk of litigation. The previous framework, often referred to as “regulation by enforcement,” required crypto firms to determine the compliance obligations following legal action.

Many companies were waiting until they received a Wells notice to find out what regulators thought of their actions.

Another major highlight of the initiative is its plan to create regulatory carve-outs for certain crypto activities. These exemptions could apply to airdrops and network incentives such as staking rewards.

The initiative includes exemptions for brand-new businesses. Atkins explained that new companies could start operating if they report to the SEC regularly, use verified user pools, and build sa



SEC bets on Project Crypto to reverse crypto exodu

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USTC regains stability after peg issues. USTC shows increasing bullish momentum near key support. Traders should monitor these support levels to manage risk. Technical indicators suggest high volatili

BTC Prophet: 20-Day 380 Million HTX ChallengeHTX Invites You to Share 600K USDT in Gift PacksHTX Creation Challenge — Post and Win 1,500U 💥 Is XRP’s $1 price zone a bear trap? Here’s what the data sug

Is XRP’s $1 price zone a bear trap? Here’s what the data suggests

Talk of a new altcoin cycle is starting to pick up again.

Based on how this week has played out, that narrative is beginning to gain traction. On the weekly timeframe, while Bitcoin [BTC] is up more than 5%, Ethereum [ETH] has attracted 2x the capital inflows, pushing the ETH/BTC ratio up nearly 7%. More importantly, this marks the ratio’s strongest weekly gain since August 2025, reinforcing the idea that “altcoin-led” momentum is starting to build across the market.

Ripple hasn’t been left behind. As the chart below shows, the token is up nearly 9% this week, with its highest wick reaching $1.18, a level it hadn’t reclaimed since losing it in mid-June. That move points to strong buying interest as capital continues rotating into higher-beta altcoins.



Is XRP’s $1 price zone a bear trap?

HTX Creation Challenge — Post and Win 1,500U 💥World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift Packs MiCA strikes again? Revolut to drop USDT as Circle gains momentu

MiCA strikes again? Revolut to drop USDT as Circle gains momentum

Europe’s largest fintech platform, Revolut, will drop Tether’s USDT by 31st of August. However, USDT deposits will be disabled from the platform by the end of this month.

The tech giant informed users that those who fail to transfer their funds by the end of August will have their USDT automatically exchanged to fiat. 

The move is likely informed by regulatory pressure, according to analyst Max Karpis. He noted, 

Revolut is delisting USDT on 31 Aug 2026 (regulatory/risk reasons). Not long ago, they expanded support to include zero-fee transfers and 1:1 USDT/USDC swaps. Now a reversal. Compliance hits again.

EU’s crypto regulatory framework, MiCA, is now in effect. Hence, the move is likely to block non-compliant stablecoins and tokens. 



MiCA strikes again? Revolut to drop USDT as Circle

Listen carefully guys‼️ $XAUT is showing early signs of a slow bullish recovery. The selling pressure is gradually fading, while buyers are starting to step back into the market and build momentum. Th

BTC Prophet: 20-Day 380 Million HTX ChallengeHTX Invites You to Share 600K USDT in Gift PacksWorld Cup Predictions: 100,000 USDT Daily Strategy founder and chairman Michael Saylor has raised expectati

Strategy founder and chairman Michael Saylor has raised expectations that the company may announce a new update regarding its Bitcoin holdings with a recent social media post.

In his latest post, Saylor included purchase chart data and stated, “Bitcoin is digital energy.” Based on past posts, Strategy is known to typically issue official statements regarding Bitcoin purchases the day after such posts from Saylor.

According to the shared data, Strategy’s Bitcoin reserve value currently stands at $53.09 billion. The company’s total $BTC holdings are recorded as 847,363 $BTC. Strategy’s total $BTC cost is $64.11 billion, with an average purchase cost of $75,653 per $BTC.



Strategy founder and chairman Michael Saylor has r

I really think that the run we will see on $GRAM this cycle will make "Base szn" look like a fucking joke And the annoying part for me is When we are at the bottom of sentiment for memes Few people listen at bottoms before things go viral Majority wanna ape their net worth in 500x higher and blame me later but its okay As long as we got an army that makes it Back me up when we in the billions.

I really think that the run we will see on $GRAM this cycle will make "Base szn" look like a fucking joke And the annoying part for me is When we are at the bottom of sentiment for memes Few people listen at bottoms before things go viral Majority wanna ape their net worth in 500x higher and blame me later but its okay As long as we got an army that makes it Back me up when we in the billions.

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Is XRP’s $1 price zone a bear trap? Here’s what the data suggests

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