South Africa

Regulation may mean Bitcoin and other cryptocurrencies will become more valuable

The South African Reserve Bank (SARS) recently announced its position on Bitcoin and other cryptocurrencies, confirming that they will be subject to tax in South Africa.

While this may feel like the taxman has just found another way to target your wealth, general regulation may not ultimately be bad thing, according to Christine Rodrigues, partner at Hogan Lovells.

Rodrigues notes that some jurisdictions that have taken active steps to regulate cryptocurrency.