SARS Tightens the Net on Crypto Punters from 1 March 2026

Heather Gartland
By: Heather Gartland
Financial News

SARS tightens the net on crypto punters - AI image

Key Takeaways

  • SARS’s crypto reporting framework starts 1 March 2026, with a defined reporting period running March-to-February each year
  • Crypto activity is being integrated into global data-sharing systems SARS can use to reconcile reported income vs real-world transactions
  • For gamblers and bettors, the bigger issue is the paper trail: deposits, withdrawals, conversions, and “wallet hopping” become easier to map end-to-end

South Africa’s tax authority, South African Revenue Service (SARS), is about to get a lot more visibility into crypto and cross-border money flows — and that matters for anyone funding online betting with crypto, cashing out to offshore accounts, or moving money through foreign exchanges. From 1 March 2026, SARS will roll out new reporting frameworks that standardise crypto transaction data and strengthen the automatic exchange of financial information with other jurisdictions, making “digital equals invisible” a risky assumption.

What’s changing on 1 March 2026

SARS has published final technical requirements (Business Requirement Specifications) for the Crypto-Asset Reporting Framework (CARF).

CARF is short for the Crypto-Asset Reporting Framework. It’s a set of international reporting rules that tells crypto platforms (like exchanges and other crypto service providers) what details they must collect and report about customers and their crypto transactions.

The idea behind CARF is simple: instead of your crypto activity being scattered across lots of separate bits of info (different wallets, different platforms, different transactions), it pulls everything into a standard, organised report.

In plain English: it makes it much easier for tax authorities to connect the dots. They can see the overall pattern of what you’ve been doing.

It’s not just crypto. Offshore accounts remember more now, too. With tighter global sharing systems like CRS and FATCA, overseas banks are sending more account information to tax authorities, which makes it easier for SARS to spot offshore money and match it to your tax return.

Why this hits crypto gamblers and online casino players

Even if you don’t think of yourself as a “trader”, crypto gambling creates the same kinds of datapoints SARS can later compare against your tax position:

  • Fiat → crypto purchases used to fund betting
  • Crypto swaps (e.g., coin-to-coin conversions before depositing)
  • Deposits and withdrawals to/from platforms and exchanges
  • Wallet transfers between addresses (especially when you’re trying to “split” activity)

Activity linked to betting

Why it matters

What changes from March 2026

Buying crypto, then depositing to a casino/sportsbook

Funding source and timing

More structured reporting + cross-checking against declared income  

Swapping tokens (e.g., USDT → BTC → casino)

Conversion trail can hide the “true” flow

CARF is built to capture transaction-level detail in a standard format

Withdrawing winnings to an offshore exchange or account

Cross-border visibility

AEOI systems tighten offshore account reporting that can be shared to SARS


What bettors can do now

If you’ve been betting with crypto at South African online casinos, it’s smart to:

  • keep clean records of deposits, withdrawals, and conversions
  • make sure you can explain source of funds and how you’ve treated gains/losses
  • get professional advice if you’ve got historic activity you’ve never disclosed.

March 2026 is the line in the sand.

Heather Gartland is a seasoned casino content editor with over 20 years of experience in the online gambling industry. She specialises in casino reviews, pokies, bonuses, and responsible gambling content, helping players make informed decisions. Based in New Zealand, Heather brings a practical, player-first perspective to every article she writes.