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Which south african exchange should you choose? This article focuses on the south african reserve bank's whitepaper on virtual currencies and analyses cryptocurrency regulations and legalities. Cryptocurrencies are not legal tender in south africa. South africa doesn't recognize bitcoin as legal tender. In march 2017, the south african reserve bank (sarb) warned local investors of risks posed by bitcoin.
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In south africa, bitcoins are treated like an asset and you can therefore buy and sell your bitcoins as you like.
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Is the use of cryptocurrency legal in south africa?
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How do taxation laws affect cryptocurrency in south africa?
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