Event Recap
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.
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South Africa News
South Africa has the second largest economy in Africa, with large agricultural and tourism sectors. It also has a high poverty rate and is one of the top 10 countries for income inequality. The South African population is widely diverse and South African news indicates there are numerous racial, cultural and ethnic conflicts. Still, South Africa is considered, potentially, to be one of the most developed African countries in terms of their economy, infrastructure and investment strategies. South Africa haven’t provided any legal status or regulatory framework concerning cryptocurrencies until 2018, when the South African Revenue Service released a statement, saying cryptocurrency would be a taxable object. The South African Reserve Bank is working with blockchain-based solutions provider Bankymoon to test new cryptocurrency regulations.
- Expert Take
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
6755 - News
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
14190 - Follow up
South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets.
21160 - News
Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market.
7603 - News
The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.
4042 - News
Liquidators of the embattled Mirror Trading International want a deeper probe of the alleged Bitcoin multi-level marketing scheme.
11349 - Analysis
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.
11823 - Overview
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
3155 - News
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response
6540 - News
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year.
4505 - News
Mirror Trading International is getting flak from regulators worldwide.
14622 - Analysis
Crypto regulation in 2020: The U.S. tightens regulation of crypto, while India has finally allowed banks to get involved with firms.
15534 - News
VaultAge Solutions CEO has been tracked down by South African authorities and angered investors.
6244 - News
Investors in an alleged $17 million crypto scam are filing a lawsuit with the Port Elizabeth High Court against the CEO of VaultAge Solutions.
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