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.
Though the FSCA is an agency of the South African government, Binance claimed the country’s Financial Intelligence Centre was the “major regulator” with which i...
Binance pushes back against warning from South Africa regulator
Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exc...
Kaspersky ranks cryptojackers among top malware threats in Africa
South African authorities are the latest to warn against using Binance, saying the exchange is not authorized to operate in the country.
South Africa's financial regulator issues warning against Binance
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
South Africa’s top banker has said that cryptocurrencies are more akin to assets than actual currencies.
Crypto does not qualify as currency, says South Africa’s central bank governor
The Federal Bureau of Investigation is joining the investigation into one of the largest alleged crypto scams of 2020.
FBI joins Mirror Trading probe in Africa to help recover US investor funds
An arrest warrant for Riccardo Spagni was issued on July 20, 2021, at the request of the South African government. He was apprehended the same day in the United...
Monero’s former maintainer arrested in the US for allegations unrelated to cryptocurrency
AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.”
South African asset manager denies stealing billions from users, claims $5M was lost in hack