South Africa News
Latest South Africa News
South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.
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…
The Financial Sector Conduct Authority (FSCA) argues that oversight became “insufficient” after cryptocurrencies were declared financial products.
VALR, Africa's leading crypto exchange by trade volume, has named Ben Caselin as its chief marketing officer (CMO)
Gemini sues DCG for alleged fraud, adding to ongoing tension. Regulatory matters a global concern. BlackRock submits renewed application for bitcoin ETF
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.
Africrypt founders who defrauded South African retail investors 70,000 BTC in 2021 are being investigated by Swiss authorities for money laundering
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 National Consumer Commission (NCC) has released a report declaring Obelisk a crypto pyramid scheme.
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.
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.…
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’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…
On April 7, 2020, decentralized smart-contract platform Cardano (ADA) announced that it had partnered with the South African National Blockchain Alliance (SANBA) to explore ways to expand its footprint in the African country. Cardano to Drive Blockchain Adoption in South…
In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between…
Angry South African investors who lost millions of dollars in the now-defunct Bitcoin Ponzi scheme called “Bitcoin Wallets” have looted and burned down the house of Sphelele Sgumza Mbatha, the operator of the scam project, reports the Verge on July…