![This African nation’s financial watchdog wants crypto firms to establish local offices](https://crypto.news/app/uploads/2023/04/crypto-news-Africa-bright-light-low-poly-style-880x525.jpg)
South Africa News
Latest South Africa News
![Chainalysis: Stablecoins represent 40% of crypto economy in Sub-Saharan Africa](https://crypto.news/app/uploads/2024/09/crypto-news-Strategic-investment-VCs-are-missing-out-on-Africas-blockchain-boom-option02-880x523.webp)
News
As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to…
![South African crypto exchange VALR picks Poland for expansion in Europe](https://crypto.news/app/uploads/2024/01/crypto-news-Poland-crypto-coins-option03-880x525.webp)
News
Pantera-backed crypto exchange VALR will now offer services in Poland as part of its global expansion efforts. South African cryptocurrency exchange VALR is moving beyond the African continent, choosing Poland as its first stop in expansion across the globe. In…
![Crypto policies won’t be affected by South African elections, insiders say](https://crypto.news/app/uploads/2024/02/crypto-news-South-Africa-option05-880x525.webp)
News
According to industry insiders, the upcoming South African elections on May 29 will not affect the nation’s cryptocurrency agenda. According to Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money, the elections will steer clear of cryptocurrencies. “We’ve been pretty…
![South Africa to license 60 crypto exchanges in regulatory milestone](https://crypto.news/app/uploads/2024/02/crypto-news-South-Africa-option04-880x525.webp)
News
South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.
![South Africa plans to use stablecoins and blockchain as a way to promote equality](https://crypto.news/app/uploads/2024/02/crypto-news-South-Africa-option01-880x525.webp)
News
South African authorities have revealed the treasury’s plan to promote the adoption of digital payments for marginalized groups. According to a treasury document published on Feb. 21, South Africa is considering stablecoins and blockchain as a way to improve the…
![This African nation’s financial watchdog wants crypto firms to establish local offices](https://crypto.news/app/uploads/2023/04/crypto-news-Africa-bright-light-low-poly-style-880x525.jpg)
News
The Financial Sector Conduct Authority (FSCA) argues that oversight became “insufficient” after cryptocurrencies were declared financial products.
![VALR appoints Ben Caselin as CMO for global expansion](https://crypto.news/app/uploads/2023/11/crypto-news-Ben-Caselin-portrait02-880x525.webp)
News
VALR, Africa's leading crypto exchange by trade volume, has named Ben Caselin as its chief marketing officer (CMO)
![Crypto exchanges in the crosshairs as Gemini sues DCG, BlackRock resubmits bitcoin ETF application | Weekly recap](https://crypto.news/app/uploads/2023/07/crypto-news-company-merger-office-background-bright-tones-sixties-retro-futuristic-illustration-880x525.jpg)
Recap
Gemini sues DCG for alleged fraud, adding to ongoing tension. Regulatory matters a global concern. BlackRock submits renewed application for bitcoin ETF
![South Africa’s financial regulator to require licenses for crypto exchanges by year-end](https://crypto.news/app/uploads/2023/06/crypto-news-court-session-blurry-figures-sitting-in-chairs-judge-with-arm-raised-dark-tones-sixties-retro-futuristic-illustrati-v5.2-880x525.jpg)
News
The Financial Sector Conduct Authority (FSCA) of South Africa has made an announcement, stating that all cryptocurrency exchanges operating within the country must obtain licenses by the end of the year.
![South African scammers behind Africrypt being investigated in Switzerland](https://crypto.news/app/uploads/2023/02/handcuffs-arrest-detained-880x525.jpeg)
News
Africrypt founders who defrauded South African retail investors 70,000 BTC in 2021 are being investigated by Swiss authorities for money laundering
![South Africa obliges celebrities to refrain from bogus crypto claims](https://crypto.news/app/uploads/2022/10/South_African_Financial_Sector_Regulator_Declares_Crypto_Assets_a_Financial_Product-880x525.jpg)
News
The Advertising Regulatory Board (ARB) of South Africa has released an updated code of advertising practice for crypto market participants. Under the new guidelines, advertisers must clearly state that investing in bitcoin (BTC) and altcoins is risky and may result…
![South Africa’s NCC Labels Obelisk A Crypto Pyramid Scheme](https://crypto.news/app/uploads/2022/02/Fraud_in_Crypto_Apps_Has_Never_Been_Higher-880x525.jpg)
News
South Africa's National Consumer Commission (NCC) has released a report declaring Obelisk a crypto pyramid scheme.
![South Africa Imposes Regulation on Crypto Assets](https://crypto.news/app/uploads/2022/10/South_African_Financial_Sector_Regulator_Declares_Crypto_Assets_a_Financial_Product-880x525.jpg)
News
South Africa joins the list of nations that have regulated cryptocurrencies, including the U.S., Australia, Russia, etc., as the state announced the move to regulate crypto assets.
![Indonesia Central Bank Looking to Launch a Sovereign Digital Currency](https://crypto.news/app/uploads/2021/05/Indonesia-Central-Bank-Looking-to-Launch-a-Sovereign-Digital-Currency-880x525.jpg)
News
Bank Indonesia (BI), the central bank of the Republic of Indonesia, has joined other apex banks globally to explore central bank digital currency (CBDC), as the bank is planning to launch its digital currency amid a spike in online transactions.…
![South Africa: FNZ Unveils Blockchain-based Solution for Funds Sector](https://crypto.news/app/uploads/2021/03/FNZ-launches-blockchain-solution-for-entire-South-African-funds-sector-880x525.jpg)
News
Blockchain technology is being utilized for fund trading and settlement solutions by FNZ. FNZ Unveils ChainClear Solution According to a recent report by Ledger Insights, FNZ – a firm committed to enhancing client engagement, lowering costs, and delivering a seamless…
![South Africa Financial Regulator Issues Crypto Investment Warning](https://crypto.news/app/uploads/2021/02/africa-880x525.jpg)
News
South Africa’s regulatory body, the Financial Sector Conduct Authority (FSCA) like other global regulators, has warned citizens to be wary of crypto investment schemes that sell hyperbolic returns on investment (ROI) amid crypto’s bull run. Meanwhile, the country’s tax body…