ARTICLE · 27 FEBRUARY 2020

Thoughts On Cryptocurrencies And Blockchain Technology Ahead Of The 2020 Budget Speech

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The blockchain and cryptocurrency sector provides excellent opportunities for tax revenue generation and employment growth.

South AfricaTechnology

The blockchain and cryptocurrency sector provides excellent opportunities for tax revenue generation and employment growth. It would be a pleasant surprise if this year's Budget Speech contains new announcements regarding cryptocurrencies and blockchain technology.

With no shortage of economic crises to deal with, the Minister of Finance and National Treasury may well decide that they can continue to hold off on making serious policy moves in this sector. However, this would be a pity, as meaningful policy engagement with cryptocurrencies and blockchains could generate compelling opportunities to stimulate economic activity, drive prosperity, and raise tax revenue.

If Treasury were to make changes in these areas, here are some good places to start:

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