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South Africa Strengthens Compliance Efforts Targeting Crypto Taxpayers

South Africa strengthens compliance efforts targeting crypto taxpayers, as the South African Revenue Service (SARS) announces the integration of crypto assets into its comprehensive compliance programs. This strategic move aims to enhance the detection and reporting of undeclared cryptocurrency holdings, ensuring taxpayers adhere to South African tax laws that mandate the declaration of all income Coincu

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US Regulators Received $19 Billion From Crypto Companies in 2024

United States regulators have secured over $19 billion in lawsuit settlements from cryptocurrency companies in 2024, representing nearly two-thirds of all settlements to date. An October 9 report from CoinGecko revealed that the bankrupt crypto exchange FTX and its affiliated trading firm Alameda accounted for the majority of these settlements, paying $12.7 billion to the Commodity Futures Trading Commission (CFTC) in an August agreement. Across eight settlements in 2024, regulators collected 78% more than in 2023, when $10.87 billion was paid. This marks a staggering 8,327% increase in settlement values compared to 2022. The past two years have seen more Coincu