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FINANCIAL SECTOR CONDUCT AUTHORITYFINANCIAL ADVISORY AND INTERMEDIARY SERVICES ACT, 2002 (FANS ACT)GUIDELINES ON COMPLETION OF SPREADSHEET Version: 5 DATE: 28 May 2018Background This is a guideline
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Crypto assets now recognised as a form of digital currency or virtual asset.
Any individual or entity who holds or trades crypto assets is required to file.
Crypto assets can be reported on a tax return or through a specific reporting form provided by tax authorities.
The purpose of recognising crypto assets is to regulate and monitor the use of digital currencies for tax purposes.
Information such as the amount of crypto assets held, traded, and any capital gains or losses must be reported.
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