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Episode 7: Staking
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 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, Partner as well as FinTech & Digital Assets Lead for Forvis Mazars in South Africa.
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Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.
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By LunoStaking
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 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, Partner as well as FinTech & Digital Assets Lead for Forvis Mazars in South Africa.
------------------------------------------------------------------
Luno (Pty) Ltd is an authorised FSP, reg no. 53314. The information does not constitute financial or tax advice, nor a solicitation to trade. Luno makes no warranties or representations as to the veracity of any information provided by guest speakers. Tax consequences depend on your individual circumstances as a taxpayer. You should always consult with your own tax advisor for definitive advice.