Summary:
- The South African Revenue Service (SARS) is using artificial intelligence (AI) and machine learning to track down tax-dodging cryptocurrency traders in the country.
- SARS has developed an AI system that analyzes transaction data from cryptocurrency exchanges to identify potential tax evasion and non-compliance.
- The use of AI and data analytics allows SARS to more effectively monitor the cryptocurrency market and ensure that crypto traders are paying their fair share of taxes.