Is cryptocurrency arbitrage legal?
Yes. South African Reserve Bank (SARB) have acknowledged and approved our process.
This along with our legal opinion on the Currency and Exchanges Act, and with the support of our counterparties such as Capitec, means we are able to engage in legal trading activities involving a fixed amount of money within a short timeframe. This allows us to optimise your R11m overseas allowance (R1m SDA and R10m AIT).
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What is cryptocurrency arbitrage?
Arbitrage is a process that involves buying and selling securities, currency, or commodities in different markets simultaneously to profit from differences in prices for the same asset. These price differences occur due to changes in supply and ...
What is SDA, AIT and TCC?
The maximum amount of money that residents are allowed to transfer out of the RSA for personal or investment purposes is R11 million per calendar year. This amount is divided as follows: Single Discretionary Allowance (SDA): The maximum limit is R1 ...
How can I get faster AIT approvals?
Ensure your updated Assets and Liabilities are updated till the end of the previous financial year i.e. end of February. Click here to update your Assets & Liabilities. If you haven’t shared e-filing access with Vitalis (our in-house AIT team), ...
What are the risks associated with crypto arbitrage trading?
The counterparty risk we face primarily lies in trusting that we have chosen the best service providers across the entire ecosystem. We have mitigated this risk by having an FX intermediary within our organization and holding the FSCA Cat II ...
What is required in order to do the crypto arbitrage?
To do the crypto arbitrage, You will need to: Have a South African ID card or book Have a South African tax number Be tax compliant in South Africa Have a minimum of R250,000 for your trading capital. These funds must be your own and cannot be loaned ...