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South Africa Imposes Regulation on Crypto Assets
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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…
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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…
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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…
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South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.
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Bitcoin
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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…
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The Financial Sector Conduct Authority (FSCA) argues that oversight became “insufficient” after cryptocurrencies were declared financial products.
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VALR, Africa's leading crypto exchange by trade volume, has named Ben Caselin as its chief marketing officer (CMO)
Recap
Gemini sues DCG for alleged fraud, adding to ongoing tension. Regulatory matters a global concern. BlackRock submits renewed application for bitcoin ETF
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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.
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Africrypt founders who defrauded South African retail investors 70,000 BTC in 2021 are being investigated by Swiss authorities for money laundering
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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…
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South Africa's National Consumer Commission (NCC) has released a report declaring Obelisk a crypto pyramid scheme.
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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.
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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.…
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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…
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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…
