Here’s why it’s not a good idea to hide your crypto gains from Sars

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Should you tell Sars about your crypto wins and losses? Never thought about it? Well, there are definitely tax implications and although you might walk out of a crypto scam considering yourself a winner, the tax man will be hot on your heels. The Mirror Trading International (MTI) scandal has been in the headlines since early 2020 with about 260 000 investors but came to a sudden end when the main kingpin, Johann Steynberg, fled the country in December 2020. The company has now been liquidated and an application is pending to declare it an illegal scheme, which will mean…

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