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Good morning. ☀️
As complex as cryptocurrencies are—whether as cash or as assets that generate returns—countries seem to be finding ways to control them, however they see fit. Nigeria wants to tax crypto and virtual asset transactions the moment they become income, rewards, or payments. South Africa, in another case study, has identified a pattern that could weaken its monetary control system: cryptocurrencies used for cross-border payments. It now wants to set up a capital-control guardrail. Freelancers who earn in crypto from foreign clients, this one directly affects you.
Let’s dive in.
