South Africa investigates $80 million bitcoin scam

South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million). FILE PHOTO | NMG

Johannesburg

South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialised, police said on Friday.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.