Tag: digital assets

Television series like Breaking Bad and Ozark reflect the public’s fascination with money laundering and its criminals. Yet, in reality, laundering is far more sophisticated, dangerous, and far-reaching than the fictional exploits of Walter White or Marty Byrde. Unregulated gambling and financial crime are increasingly interconnected, providing criminals with new avenues to launder illicit funds globally.

Cryptocurrency traders in South Africa are focused on understanding the tax implications of their transactions. These transactions are relative to the Income Tax Act. This has been challenging, as SARS has only stated that "the normal rules apply." They have not provided authoritative guidance on cryptocurrency-related transactions or when profits are considered capital or income.

As organisations across the globe contend with an increasing number of cyberattacks, schools and higher learning institutions are looking for innovative and cost-effective ways to protect their students, staff, and data from breaches and ransomware.

Since the emergence of Bitcoin in 2009, cryptocurrency has gained significant traction in popularity over the years, with more and more people investing in the now many variations of digital currencies available such as Ethereum, Tether, Binance, and even Dogecoin.

I quickly realised during my accounting articles that technology would have a massive impact on the profession and that I would have to continuously upskill to keep up. Even today, things are changing so fast, one can never just sit back and rely on existing knowledge - I now cultivate a habit of continuous learning.

A virtual space race to the ‘metaverse’ has begun. What does this immersive online future hold, why is it important, and where do we find value? As investor interest surges, we weigh up the short-term hype and long-term opportunities.

I feel so grateful to have a career in technology: a career in which change has been the only constant, keeping every day exciting and relevant. Arguably, the biggest change I am seeing right now has less to do with actual technology, and more to do with culture.

Last month, two reputable South African virtual asset service providers in South Africa made history by issuing first-of-its-kind proof of reserve reports, a move that will assist to combat fraud, protect crypto holders and industry stakeholders, and help cultivate credibility for the local cryptocurrency market.

Making your network safe from the traditional north to south perspective is no longer enough. In a digital world, micro-segmentation that secures it from east to west is also vital. In the modern era of cybercrime, ransomware and digital threat vectors, your infrastructure security is more essential than ever.

Gone are the days when small businesses need to sell their products to just the people who live or work in the immediate vicinity. Digital platforms and partnerships are now empowering micro-companies to extend their offerings, opening new doors for business growth and development.