Source: Marx Attorneys

We can’t tell you whether or not you should invest in Bitcoin or in any of the many other cryptocurrencies out there. That’s strictly a decision for you and your financial advisers.

But if you are already an investor or plan to become one, you should know how our law regards these alternative currencies. We discuss whether they are legal, whether you have any protection under law, how SARS plans to tax them, whether you need to register for VAT, and whether you can leave them to your heirs when you die (and if so, how you should do so)…

Bitcoin And The Law – Is It Legal, What About Tax, And Can You Leave It To Your Heirs?