RE: Multiple-Chain DApps & Cross-Chain Atomic Swaps + Taxation

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Multiple-Chain DApps & Cross-Chain Atomic Swaps + Taxation

in cryptocurrency •  6 years ago 

No the SA Government will come up with something. They are desperate to refill the coffers after all the thefts and corruption so expect something harsh. At the moment if you deposit or withdraw more than $1000 it raise red flags. There is only a couple of overpriced local exchanges that operate here.

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To bypass all that shit:

https://www.iol.co.za/business-report/economy/sas-first-cryptocurrency-atm-comes-to-joburg-14982296

It doesn't say whether you can also sell Bitcoin for fiat using that ATM, though.

Hi markku. it will be one way system. Pay for Bitcoin and not the other way around. I saw an article about ATM's in Malta the other day where it works both ways. If they were launched all over the world that would help and would create more loopholes.

There are Bitcoin ATMs in Helsinki metropolitan area and other larger localities. Some are two-way.