# The crypto company Luno Africa says updating South Africa’s digital asset regulations could generate at least 540-million-rand in additional tax revenue. Luno Africa’s general manager Marius Reitz says the estimate is based on just one-percent of institutional funds investing in crypto Electronic Funds Transfers. Reitz urges regulatory clarity defining cryptocurrencies as onshore assets. He emphasised this would encourage investment and boost the collection of capital gains tax, thereby aiding South Africa’s overstretched fiscus:
Luno Africa says crypto clarity could boost SA tax revenue by R540-million [SOUND]
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