Sudan has now made its official position on cryptocurrency taxation clear, formally incorporating cryptocurrency into the existing body of income tax laws. The Income Tax Act of 1986, along with its subsidiary regulations, now encompasses cryptocurrency gains under the umbrella of "miscellaneous income." This is a positive step as it...
While exploring the thriving landscape of cryptocurrency in Sudan can be rewarding, it’s important first to be aware of the tax or legal obligations. ThrowingToken.com launches this guide in the hope of empowering Sudanese crypto users. Whether you are an investor, freelancer, or business owner, you will walk away with...
Sudan’s nascent crypto scene was born of hyperinflation and the banking crisis. Unfortunately, Congress is about to make things a great deal more complicated and perhaps even cripple this new, innovative, and promising industry. It’s a pretty textbook example of how good intentions can lead to the economic… you know...
Is Sudan inadvertently strangling the very lifeline it sorely needs? The new crypto tax regime seems like a truly harebrained blunder. It risks stifling the nascent DeFi ambitions in not only Sudan, but the entire African continent. We must address, on an immediate level, the human cost.Crippling Innovation or Necessary...