Crypto Blogcast by Luno

How to Legally Reduce your Crypto Tax Bill  While you can’t completely avoid crypto taxes, there are several legal strategies you can use to plan your taxes and reduce your overall liability. What strategies, such as harvesting unrealized losses, utilising tax rebates, and other legal steps to lower your crypto tax burden? We answer this question, on this episode. Hosted by Christo de Wit, Country...

How to Calculate your Crypto Tax Crypto tax calculations in South Africa generally fall under either Capital Gains Tax or Income Tax. Traders are taxed on their entire crypto profits, deducting any allowable expenses, at their normal income tax rate. Investors, on the other hand, are taxed on 40% of their capital gains, with an annual allowance of R40,000. What are key methods used to calculate cr...

How much Tax do you Pay on Crypto The tax on crypto in South Africa varies based on the transaction type, the applicable tax rule, and your income level. How much tax South Africans should expect to pay on different crypto transactions? On this episode, we answer this question. Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify th...

Getting Paid in Crypto Receiving payments in crypto, whether for services or as a salary, is becoming more common. What are the tax implications when accepting payments in crypto? On this episode, we’re here to answer those questions. Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will help demystify the world of crypto tax: Wiehan Olivier , Part...

Paying for Goods and Services with Crypto Using products like Luno Pay, paying with crypto has become easier. For example, at Pick n Pay, you can use your Luno app to scan a QR code at the till and pay with crypto. What are the tax implications when paying for goods and services with crypto? We answer this question, on this episode. Hosted by Christo de Wit, Country Manager, Luno South Africa. We’...

Selling Crypto for Another Crypto When you sell one cryptocurrency to buy another, it’s considered a taxable event, even if the transaction doesn’t involve converting crypto to ZAR. What are the tax implications of these crypto-to-crypto transactions? On this episode, we answer this question. Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by a leading expert who will he...

Staking Staking allows you to earn rewards for helping to validate transactions on a blockchain network. With Luno, you can easily stake assets like Ethereum, Solana, and Cardano. We asked Wiehann, if staked crypto assets can be considered as capital, and how are the rewards from staking classified for tax purposes? Are they subject to Income Tax, and what should stakers be aware of? On this episo...

Natural Person vs Legal Entity Luno allows users to open a Business Account to trade or invest in the name of a company. We asked Jashwin, if he could explain when a company's tax rate applies and how the calculation of crypto tax might differ from that of an individual? He provides us with an answer to this question, on this episode. Hosted by Christo de Wit, Country Manager, Luno South Africa. W...

Traders and Short-Term Investors Traders and short-term investors, or speculators, frequently trade crypto assets, often disposing of them when opportunities arise to make a profit. These individuals are taxed on their entire crypto profits, deducting any allowable expenses, at their normal income tax rate. How does one distinguish between a trader and a short-term investor, and when does one pay...

Long-Term Investors A long-term crypto investor is someone who holds onto a crypto asset for an extended period, anticipating long-term growth. These investors are generally taxed on capital gains or losses. On this episode, Jashwin, explains how long-term crypto investors are taxed, and draws a comparison to the tax treatment of shares. Hosted by Christo de Wit, Country Manager, Luno South Africa...

Clarifying Misconceptions about Crypto Tax There’s a widespread misconception that crypto asset transactions are completely anonymous and untraceable. While the blockchain is a public ledger, making transactions pseudonymous (sooy-doh-no-mus) rather than fully anonymous, it’s crucial to understand that tax authorities like SARS typically rely on exchanges for transaction data when determining tax...

Is any Crypto Tax Free Every tax season, questions about crypto tax liabilities spike in online forums, media, and even through our customer support channels. Some say that all regular tax rules apply to crypto, but even that isn’t always clear in its application. Dale shares instances when crypto transactions are actually tax-free, on this episode. Hosted by Christo de Wit, Country Manager, Luno...

It’s tax season in South Africa, and as you gather your documents and prepare to file your return, you might be wondering—what about your crypto transactions? Do they fall under the same tax rules? Are you liable for taxes on your crypto holdings? On this episode, we’re here to answer those questions. Hosted by Christo de Wit, Country Manager, Luno South Africa. We’re joined by some leading expert...

Listen in as South Africa’s very own electro-hop duo Locnville talk all things crypto, from how they got started using Luno, to their thoughts on #NFTs and the #metaverse , and #crypto adoption.

How does a famous DJ, music producer and entrepreneur get into crypto? We are chatting to DJ Sbu about his crypto journey, covering everything from scams to how he got started on Luno.  Hosted by founder of Youth Money Circle, DJ @ Large, we’re diving deep into Bitcoin, the blockchain, and so much more.

Bitcoin is often referred to as digital gold, but is it better than the real thing? Luno faced off against fintech startup Troygold to end the debate once and for all, with Troygold co-founder Dane Viljoen going head-to-head with Luno's Michael Kourtis on the pros and cons, risks involved, and future potential.  This is a recording of a live event that took place on 13 October 2021. Any compe...

The most ambitious upgrade the crypto world has ever seen is tentatively pencilled in for the end of the year – but what is Ethereum 2.0 and what are the biggest changes we can expect? Full article: https://www.luno.com/blog/en/post/ethereum-2-0-what-we-know-so-far

Dough. Cash. Moola. Whatever you want to call it, one thing is undeniable: money makes the world go round. But what is money, really? How do we go about redesigning a financial system better suited to the world we live in today? Full article: https://www.luno.com/blog/en/post/a-glimpse-into-the-future-of-finance-part-one

An in-depth look back at how cryptography has evolved through the ages, with part 1 focusing on its early beginnings. Full article: https://www.luno.com/blog/en/post/the-evolution-of-cryptography-part-1-how-it-began

Imagine being able to bypass traditional financial institutions for things like loans, savings and insurance? Imagine no more–DeFi is here, and it's changing the way we think about crypto and their use cases. Full article: https://www.luno.com/blog/en/post/decentralised-finance-defi-in-a-nutshell

We review the year so far for cryptocurrency and look at how events line up with the predictions we made at the end of 2019. Full article: https://www.luno.com/blog/en/post/crypto-in-2020-the-year-so-far

What’s the truth around Bitcoin mining energy consumption? And how is the industry working to minimise its energy usage? Full article: https://www.luno.com/blog/en/post/is-bitcoin-greener-than-gold

Much like other aspects of our lives, from communication to media, the way we use money is evolving . Full article: https://www.luno.com/blog/en/post/what-will-the-banks-of-the-future-look-like

The reciprocal relationship between technology and society that spurs its evolution can be seen in the cryptocurrency space. Take a dive into the mysterious lifecycle of technological evolution and the factors that expedite (and hinder) its progression. Full article: https://www.luno.com/blog/en/post/the-evolution-of-technology

A brief overview of some of the most common cryptocurrency trading and investment strategies. Full article: https://www.luno.com/blog/en/post/a-beginners-guide-to-crypto-trading-strategies