Tag: south africa

Aug 19 2022

South Africa’s Central Bank ‘Paves Way’ for Crypto Clients

South Africa's Central Bank said that customers with digital assets shouldn't be banned "en masse." South Africa's central bank said that banks can now deal with funds linked to digital assets and shouldn't block all crypto clients randomly. The South African Reserve Bank (SARB) said in new guidelines released this week that banks in the […] The post...

Aug 18 2022

Reserve Bank of South Africa urges crypto should not be cut-off

Aug 18 2022 Published at Coinscreed under tags  crypto news south africa

The Reserve Bank of South Africa provided instructions to its subsidiaries that included a recommendation not to completely shut off contact with cryptocurrencies. The CEO of the Prudential Authority of the Reserve Bank of South Africa, Fundi Tshazibana, signed the official notice. Due to murky rules or a high risk component, certain South African banks […] The post...

Aug 16 2022

Bitcoin Ekasi: The Township One Year Later

Modeled after Bitcoin Beach, a South African township attests to the opportunities of a bootstrapped bitcoin economy.This is an opinion editorial by Hermann Vivier, co-founder of The Surfer Kids and Bitcoin Ekasi....

Jul 13 2022

South Africa plans to regulate cryptocurrencies as financial assets

Jul 13 2022 Published at Coinscreed under tags  news south africa

The central bank of South Africa wants to implement regulations on the sector and control cryptocurrencies as financial assets within the next 12 months. Deputy Governor of the South Africa Reserve Bank (SARB), Kuben Naidoo, suggested that bitcoin and other cryptocurrencies have several benefits for the financial system. However, he asserted that the sector is […] The post...

Jul 06 2022

South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

H2O Securities, an infrastructural firm based in South Africa, generated $150 million to introduce crypto water tokens. The company landed the funds from the investment of GEM Digital, a global investment company. According to the operational plans of H2O Securities, funds from the water token launch are solely for infrastructural purposes. The company would use it to facilitate water supplies to places that...

Jun 01 2022

Analyzing Block’s “Bitcoin: Knowledge and Perceptions” Pt 1.- Income & Inclusion

The new Block report, “Bitcoin: Knowledge and Perceptions,” is a tour de force. A massive online survey turned into surprising data. The phenomenally- designed publication challenges several assumptions that the public has about bitcoin. Block’s intention with it is to “provide a...

May 18 2022

South African Firm Introduces XUS Stablecoin

Xago Technologies (Pty) Ltd, a financial technology company in South Africa, has announced the launch of Xago XUS, a stablecoin that supports the US dollar.

Feb 02 2022

Crypto Exchanges FTX and ByBit Blacklisted By South Africa’s Financial WatchDog

Feb 02 2022 Published at Coingape under tags  bybit crypto exchange ftx news regulation news

The Financial Sector Conduct Authority (FSCA), South Africa's financial watchdog, today issued a press release warning crypto investors in the country about two popular cryptocurrency exchanges, FTX and Bybit. The FSCA stated that the exchanges were not authorized by the country's laws to render intermediary services or give financial advice. It adds that the companies The post Crypto Exchanges FTX and ByBit Blacklisted...

Jan 13 2022

With Bitcoin, Africa Is Becoming The Undisputed Leader of Financial Liberation

With a population rapidly adopting Bitcoin, Africa is dismissing classic narratives and becoming the world’s epicenter for the financial future.Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people in Africa are teaching us about its true...

Nov 26 2021

Breaking: Crypto Market Hit With Yet Another Crash, Here’s What Happened

Nov 26 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

The fearmongering continues to affect the fourth quarter's crypto bull, this time around because of South Africa's exclusive warning about a rapidly spreading new coronavirus. With the steep drop in global stock markets and the U.S. stock index futures, cryptocurrencies also bore the burn. According to CoinMarketCap, the OG crypto, Bitcoin fell over 4 percent, The post Breaking: Crypto Market Hit With Yet...

Nov 13 2021

South African Crypto Investors Worry Over Status of Funds, Still Can’t Withdraw As Promised By F2F SA

Having invested in the Fight to Fame (F2F token) and reportedly being unable to withdraw their funds as promised, a group of South African crypto investors have now raised concerns about the fate of their investments. Over 2,000 South African Applicants Reportedly Put In For The Token Sale According to an IOL report, the token The post South African Crypto Investors Worry Over...

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...

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