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.
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.
Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
Africa’s solarized digitalization agenda in the time of coronavirus
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
South African crypto firms warn opaque regulations are harming the industry
South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets.
South Africa learns a hard crypto lesson amid fast growing demand
Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market.
South African regulators issue fresh crypto investment warning
The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.
Scams are driving South African authorities to regulate crypto trading
Liquidators of the embattled Mirror Trading International want a deeper probe of the alleged Bitcoin multi-level marketing scheme.
Liquidators seek expanded probe of alleged South African Bitcoin scheme