Conceptual Model for Taxation and Regulatory Governance Among South African Crypto Asset Holders
摘要
The rapid adoption of digital assets has revolutionised the global financial landscape, bringing new opportunities and challenges. In South Africa, the adoption of digital assets has increased, driven by economic factors and a tech-savvy population. However, this growth has outpaced regulatory development, particularly around tax compliance. This paper proposes a conceptual model aimed at addressing the non-compliance issues among crypto asset holders. The model incorporates advanced mechanisms for visualising crypto address interactions and generating crypto tax Non-Fungible Tokens as a verification tool. By mapping and monitoring crypto transactions, the model provides regulatory bodies with enhanced tools to track, verify, and enforce tax obligations transparently and efficiently.