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Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox
South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes. дальше »
2021-4-5 15:30 | |
Binance Abruptly Delists South African Rand Trading Pairs After Currency Fails to Meet ‘High Level Standard’
In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10. дальше »
2021-4-2 09:30 | |
A Forex Broker Transfers 1,200 BTC Belonging to the Mirror Trading International to a South African Liquidator
Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. дальше »
2021-4-1 09:30 | |
African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’
As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. дальше »
2021-3-31 01:30 | |
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African company to make the bold step after it reportedly […] дальше »
2021-3-30 03:00 | |
South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’
South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months. дальше »
2021-3-29 14:00 | |
Jack Dorsey’s First Tweet Sold as an NFT for $2.9 Million; Proceeds Donated to African Charity
Twitter and Square CEO and founder Jack Dorsey have announced the first-ever tweet auction is complete, the NFT selling for $2. 9 million. The NFT sold via a decentralized auction service, Valuables by crypto company, Cent. дальше »
2021-3-24 21:25 | |
South African Crypto Exchange Suspends Bitcoin & Litecoin Withdrawals Due to Balance ‘Discrepancies’
South Africa-based cryptocurrency exchange iCE3 suspended Bitcoin (BTC) and Litecoin (LTC) withdrawals this week after noting “discrepancies” in the balances of these crypto-assets on the platform. дальше »
2021-3-19 20:27 | |
South African Exchange Ice3x Suspends Trading After Noting Discrepancies in Balances of BTC and LTC
A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading to resume. In the meantime, a […] дальше »
2021-3-18 13:05 | |
Blockchain Africa Conference 2021: Beyond the Hype, Announces Keynote Speakers
Charles Hoskinson, Founder and CEO of IOHK, Founder of Cardano and Director of The Bitcoin Project, will be speaking about Cardano’s projects on the African continent. Charles has several times spoken of the enormous opportunities offered by the African continent for the implementation of blockchain technology. дальше »
2021-3-16 10:36 | |
South African Crypto Businesses Decry Lack of Amenable Regulations
Bitcoin-linked businesses in South Africa are criticizing the government for its slow approach towards implementing clear and amenable regulation for the industry. The firms are threatening to orchestrate a mass exodus if things remain the same, according to a Bloomberg report on March 9, 2021. дальше »
2021-3-10 01:00 | |
South African Crypto Firms Threaten To Leave Amid Regulatory Uncertainty
The arrival of crypto-assets in Africa was seen as the end of financial exclusion in a continent that has remained in the dark ages for so long. With cryptocurrencies making it possible for retail investors to dictate how they spend their money and what they get in return, the continent quickly embraced the industry. дальше »
2021-3-10 20:19 | |
South African crypto firms warn opaque regulations are harming the industry
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
дальше »2021-3-9 08:31 | |
Crypto Artist Daniella Attfield Rewrites History Through NFTs
“Artists are historians and their art the journal,” the Singart team once wrote. This statement is most certainly true in the case of young South African crypto artist Daniella Attfield who is rewriting the history of art through non-fungible tokens. дальше »
2021-3-9 19:04 | |
Largest African Bank Partners with Hedera Hashgraph (HBAR)
Standard Bank Group, the largest African bank by asset management, has partnered with Hedera Hashgraph, an enterprise-grade distributed public ledger. Hedera, a decentralized enterprise-grade public network, allows anyone to build applications and is owned and governed by a governing council. дальше »
2021-2-25 21:47 | |
Medici Land Governance, Liberia Government Launch Pilot Project to Record Land Registration on Blockchain
Blockchain-based land registry firm Medici Land Governance (MLG) has launched a land administration pilot project in Liberia. The project seeks to administer proper land issuance in the West African nation. дальше »
2021-2-20 02:01 | |
Central Bank of Nigeria to Banks: Close All Crypto Accounts
Observers until now regarded Nigeria as one of the major players on the African continent when it comes to cryptocurrency adoption. However, the latest stance by the Central Bank of Nigeria (CBN) could drastically alter this view. дальше »
2021-2-6 17:14 | |
South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ Following Collapse of Bitcoin Trading Company MTI
The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated. дальше »
2021-2-6 22:30 | |
South African Tax Regulators Shift Focus To Crypto; Sends Out Audit Requests
According to local news firm, Broadband, SARS sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. This was confirmed by Tax Consulting South Africa, which has recently been approached by a number of taxpayers on the issue. дальше »
2021-2-6 20:36 | |
African Hip Hop Artist Davido ‘Thinking of Starting a Bitcoin Trading Company’
Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. дальше »
2021-2-6 16:10 | |
South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine or imprisonment for up to two years.” SARS Tracking Non-Compliant […] дальше »
2021-2-4 12:20 | |
South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders
South Africa is the latest country to come down on cryptocurrency investors, with the South African Revenue Service (SARS) sending audit requests to taxpayers, requesting them to disclose cryptocurrenThe post South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders appeared first on AMBCrypto. дальше »
2021-2-3 10:30 | |
African Music Star Davido Plans To Launch Bitcoin Trading Company
Davido, arguably one of the biggest music stars in Africa has hinted that he plans to launch a bitcoin trading company. This development could generate massive interest in bitcoin in one of the regions with the fastest-growing number of crypto users. дальше »
2021-2-3 22:00 | |
Scams are driving South African authorities to regulate crypto trading
The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.
дальше »2021-1-27 13:17 | |
These African Countries Are Most Bullish For Bitcoin In 2021
African countries cannot be ignored in any conversation centered around cryptocurrency adoption. Because many African countries suffer from a staggering economy, the heat of inflation is never too far away, hence the increasing rate at which business owners and investors in the continent are turning to digital currencies for a change. Bitcoin adoption is imploding […] дальше »
2021-1-23 16:13 | |
Liquidators seek expanded probe of alleged South African Bitcoin scheme
Liquidators of the embattled Mirror Trading International want a deeper probe of the alleged Bitcoin multi-level marketing scheme. дальше »
2021-1-16 13:49 | |
Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers
Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade clients' bitcoin. дальше »
2021-1-15 12:17 | |
Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of its nearest rival. Youth-Driven Interest According […] дальше »
2021-1-15 07:15 | |
SimbCoin to Get Listed on LATOKEN
Tokens of one of the most promising African-based crypto startups are now available for trading on LATOKEN exchange. With ticker SMBSWAP trades opened on USDT, BTC, and ETH pairs. What is SimbCoin? Backed by an experienced team of African entrepreneurs this project aimed at creating a tokenized smart city SimbCity in Cameroon on the Atlantic … Continued The post SimbCoin to Get Listed on LATOKEN appeared first on BeInCrypto. дальше »
2021-1-6 19:17 | |
South African Court Grants Order to Liquidate Mirror Trading International After Investors Fail to Withdraw Their BTC
A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. дальше »
2021-1-1 07:30 | |
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. дальше »
2020-12-19 04:05 | |
Jeff Bezos-Backed African App Chipper Cash Launching Crypto Trading After Raising $30 Million
An African company backed by Amazon CEO Jeff Bezos, Chipper Cash, has raised $30 million and is launching a cryptocurrency trading service due to high demand for cryptocurrencies, including bitcoin. дальше »
2020-11-22 14:15 | |
South African Regulator Gets Tough in Sweeping Policy Proposal
The South African Financial Sector Conduct Authority (FSCA) has unveiled a draft cryptocurrency regulation policy framework. This proposal aims to bring all crypto trading and investment activities in the country under its close supervision. дальше »
2020-11-22 23:15 | |
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets. дальше »
2020-11-22 15:30 | |
South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme
A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. дальше »
2020-10-27 13:30 | |
Akon’s social ecosystem cryptocurrency ‘Akoin’ will begin trading on Bittrex on November 11
Akoin, the cryptocurrency developed by renowned popstar Akon to improve social opportunities and access for African entrepreneurs, has announced its premier listing on crypto exchange Bittrex, as per a release shared with CryptoSlate. дальше »
2020-10-25 22:01 | |
How Digitization Can Boost Financial Resilience for People in Poverty
As the world’s poorest people struggle with the economic impact of COVID-19, a potential source of hope has been found in Kenya. Around half of the East African nation’s 52 million people use the mobile payments service, M-Pesa. дальше »
2020-10-15 00:03 | |
Crypto Industry Thriving on the African Continent
Africa is fast emerging as one of the planet’s centers for Bitcoin and cryptocurrency interest. Recent weeks have seen several developments that show a thriving industry on the continent. Developments include the addition of USDT to Africa’s largest peer-to-peer (P2P) marketplace, the expansion of crypto exchange and gift card services into new countries, and a […] The post Crypto Industry Thriving on the African Continent appeared first on BeInCrypto. дальше »
2020-9-29 21:35 | |
Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations
A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. дальше »
2020-9-23 08:00 | |