Tag: south africa

Oct 11 2021

Crypto Exchange Binance Stops Derivatives In South Africa Amid Regulatory War

Binance's regulatory war continues as the crypto exchange announces it will no longer offer derivatives products in South Africa. Binance Ceases Derivatives- Related Products For Users In South Africa As per an announcement on the crypto exchange's website, users from South Africa can no longer access derivatives offerings on the platform....

Oct 08 2021

Binance Stops Offering Derivatives, Leveraged Tokens in South Africa

The exchange has pulled out derivatives products from many global markets.

Sep 17 2021

47% of South Africans own Bitcoin (BTC), holding $70 worth on average

Sep 17 2021 Published at CryptoSlate under tags  adoption bitcoin btc investments south africa

As conversations regarding the use and purchase of digital assets in Africa continues to gain ground, details have emerged that about 47 percent of South African adults hold at least one form of cryptocurrency. South Africa's are investing in BTC Per...

Sep 05 2021

Australia, Malaysia, Singapore, South Africa Set To Test Cross-Border CBDC

CBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though they mostly remain in the hypothetical stage. However, more than 80% of central banks are looking at digital currencies. The Reserve Bank of Australia...

Sep 04 2021

Binance Responds to the South African FSCA, Refutes the Regulator’s Claims

Sep 04 2021 Published at Coingape under tags  binance fsca news regulation news south africa

Binance, the world’s largest cryptocurrency exchange by trading volume, has responded to the warning issued by the South African Financial Sector Conduct Authority (FSCA) to the general public regarding its legal status in the country. As highlighted in a previous report by Coingape, the FSCA joined the long list of regulators to issue a warning The post Binance Responds to the South African...

South Africa Regulator Warns Against Crypto Exchange Binance

Cryptocurrency exchange, Binance, has been taking heat from national regulators this year. Just two days ago, the Monetary Authority of Singapore added Binance to the investor alert list. This action was a result of the exchange's breach of the Payments Services Act in Singapore. Related Reading |...

Aug 04 2021

US Authorities Join Mirror Trading Crypto Scam Investigation

Mirror Trading International (MTI) was one of the biggest crypto firms in South Africa.

Jun 29 2021

Founder Behind Alleged $2.3 Billion Bitcoin Scam Pushes Against Victims’ Claims

Jun 29 2021 Published at Bitcoin Magazine under tags  africrypt business scams south africa

The founder of an investment platform accused of stealing $2.3 billion in bitcoin has resurfaced to push back on those claims.Following what victims allege to be one of the largest bitcoin scams of all time, with claims that more than $2.3 billion in bitcoin was stolen, one of the accused has resurfaced to profess innocence.Last week, news reports indicated that the...

Jun 28 2021

The Bumpy Road Before The Boom And Why Bitcoin Is About To Breakout

We take a look at various influences keeping the short term price down that also contribute to long term bullishness.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.SummaryDespite briefly dipping below $30,000 earlier in the week, the last week has been relatively...

Jun 24 2021

Report: Founders Of South African Exchange Abscond With $2.3 Billion In Bitcoin

Jun 24 2021 Published at Bitcoin Magazine under tags  africrypt business scams south africa

Users of South African exchange Africrypt are missing $2.3 billion in bitcoin after the founders have disappeared.The founders of South African cryptocurrency exchange Africrypt, two brothers named Ameer and Raees Cajee, have reportedly vanished, as has more than $2.3 billion in bitcoin belonging to clients.“A Cape Town law firm hired by investors say they can’t locate the brothers and has reported...

Jun 23 2021

Jun 20 2021

$3.6 Billion Crypto Theft: South African Bank Denies Relationship With Fraud Accused Africrypt

Jun 20 2021 Published at Bitcoinist.com under tags  africrypt bitcoin crypto scam south africa

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. Africrypt Stops Operations Abruptly Africrypt abruptly ceased operations nearly two months ago, prompting the banking institution's denial. The crypto investment firm's management claimed at the time that Africrypt's trading system had been hacked....

Jun 15 2021

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Jun 15 2021 Published at CryptoSlate under tags  adoption africa bitcoin nigeria payments

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent...

Apr 07 2021

South African Crypto Exchange iCE3 Enters Liquidation

The exchange found discrepancies in its Bitcoin and Litecoin balances.

Mar 16 2021

The Rising Popularity Of Bitcoin In South Africa

Mar 16 2021 Published at Bitcoin Magazine under tags  adoption africa culture south africa

A combination of factors makes South Africa a notable hotbed for Bitcoin adoption, even among a region that has embraced BTC.South Africa is, without doubt, one of the most advanced countries in Africa — if not the most advanced. The South African country has also become a popular hotbed for the digital currency market. In fact, it is considered by many to...

Feb 04 2021

South African FSCA Warns Against Growing Crypto Scams

The country recently witnesses a Bitcoin scam running away with $644 million.

South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.

Jan 27 2021

South African Regulator Seeks More Crypto Powers After Alleged Ponzi’s Collapse

“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.

South African Regulator Moves for Crypto Regulation

The regulator wants control over Bitcoin, Ethereum, XRP, and all other digital currencies.

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