Here’s why it’s not a good idea to hide your cryptocurrency earnings from Sars?

Should you tell Sars about your cryptocurrency winnings and losses? Haven’t you ever thought about it? Well, there are certainly tax implications, and even if you could get out of a crypto scam by considering yourself a winner, the taxman will be on your tail. The Mirror Trading International (MTI) scandal has been on the front page since early 2020 with some 260,000 investors, but it suddenly stopped when the main boss, Johann Steynberg, fled the country in December 2020. The company has now been liquidated and an application is waiting to declare it an illegal scheme, which will mean …

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