2024-3-14 18:48 |
South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.
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According to a recent Reuters report, South Africa’s Financial Sector Conduct Authority (FSCA) has approved 59 operating licenses for crypto businesses. This significant development comes as Africa’s most industrialized economy takes progressive steps towards regulating the asset class.
2024-3-14 06:00 | |
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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.
2021-10-11 22:00 | |
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Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […]
2021-6-29 07:30 | |
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Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country.
2020-5-24 16:35 | |
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An intergovernmental panel in South Africa comprising the central bank, treasury, and financial regulators is calling for the enactment of strict crypto regulations in the country. Strict Crypto Policing in South Africa In a paper published by the Intergovernmental Fintech Working Group (IFWG) in South Africa, the government panel argued for the establishment of aRead MoreRead More.
2020-4-18 17:00 | |
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Bitcoin Events is hosting the first-ever, Crypto Festival in Cape Town on 7 September 2019 at Shimmy Beach Club, V&A Waterfront. This is the first event of its kind in South Africa and with the tremendous interest in cryptocurrencies that exist in South Africa, this event is certainly going to provide several insights into why […] The post CryptoFest 2019 coming to South Africa appeared first on AMBCrypto.
2019-9-7 18:30 | |
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South Africa is looking to foster the growth of the cryptocurrency sector by developing a positive regulatory framework
2019-1-23 20:10 | |
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Many people would not expect Africa to be a good destination for finance. However, the continent has proven over and over again that it is well accommodating to the industry. One of the newest additions is the cryptocurrency market with several countries like South Africa, Ghana, and Nigeria.
2018-11-21 14:14 | |
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Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system.
2018-11-20 22:05 | |
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Businesses generally forget that there is a whole new and untapped world in the developing economies. These markets are usually more attuned to their needs and wants in contrast to their counterparts in the developed world.
2018-11-7 18:02 | |
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A survey by Luno, a London-based cryptocurrency platform, has revealed that a growing number of people in South Africa prefer holding cryptocurrencies such as bitcoin and bitcoin cash rather than the local fiat unit, the rand.
2018-11-7 13:00 | |
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After training their first cohort of 24 Afrikan startups as part of the eFounder Fellowship training program, Alibaba went on to launch another initiative aimed at empowering Afrikan technology startups.
2018-11-6 14:45 | |
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On October 25, Coinstelegram reported that Huobi Global revealed details of its plans to expand into the Middle East, African, and South Asian markets. At that time, Huobi MENA, the Middle East, Africa, and South Asia branch of the Huobi Group, was in the process of establishing partnerships with regional players, starting with AI Trader, […]
2018-11-5 11:36 | |
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Huobi MENA, the global arm of Hubo Division for the Middle East, North Africa, and South Asian markets announced November 1, 2018, that it has teamed up with AI Trader, an artificial intelligence-based autonomous crypto trading system.
2018-11-4 19:00 | |
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Back in 2013, Justine Sacco was getting ready to visit her family in South Africa, and before she boarded her flight, she made an insensitive joke on Twitter: “Going to Africa. Hope I don’t get AIDS.
2018-10-31 11:00 | |
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Huobi Announces Plans to Expand in the Middle East, Africa and South Asia Huobi Group will expand in many other regions around the world. In a blog post released by Huobi Global, the company announced that it will be expanding its operations into the Middle East, the African continent and South Asian market. During the […]
2018-10-26 20:12 | |
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Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.
2018-10-26 21:07 | |
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Mohit Davar, the co-founder of Huobi Mena, used the World Blockchain Summit being held in Dubai to reveal his company’s plans to further expand into less untapped markets in the Middle East, Africa, and South Asia; the company stated in an Oct.
2018-10-25 19:29 | |
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Гонконгская криптовалютная биржа Huobi намерена расширить свою деятельность на территории Африки, Южной Азии и Ближнего Востока. Об этом представители рассказали в своем блоге. We’re proud to announce our expansion into the Middle East, Africa & South Asia headed by Mr Mohit Davar, Co-Founder & Director of @HuobiMENA at the #WorldBlockchainSummit! Come and check us out […] Запись Huobi анонсировала экспансию в страны Африки, Ближнего Востока и Южной Азии впервые появилась Bloomchain (Блумчейн.ру).
2018-10-25 19:01 | |
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Singapore-based crypto exchange, Huobi, will be launching a subsidiary called Huobi Mena in Dubai. The new center will become a regional headquarters as Huobi goes on to its expansion drive in the Middle East, Africa, and South Asia according to a recent blog post.
2018-10-25 16:30 | |
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The team at Huobi have expressed their intentions of expanding globally to the markets in the Middle East, Africa and South Asia. The announcement was made at the World Blockchain Summit currently being held in Dubai.
2018-10-25 11:13 | |
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The CEO of Civic Vinny Lingham has pointed out restricted use cases and scalability issues as the major problems facing cryptocurrency mass adoption. The CEO mentioned this while speaking at a Chain Reaction event in Johannesburg South Africa organised by Blockchain Entrepreneurs Club South Africa (BECSA).
2018-10-19 13:35 | |
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South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.
2018-10-19 08:59 | |
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Adhara Gets $15 Million Funding to Bring Blockchain Privacy to Central Banks Adhara, a blockchain startup has won $15 Million Funding from Consensys, the ethereum design studio to bring blockchain privacy to Central Banks.
2018-10-16 00:40 | |
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The United States Security and Exchange Commission (SEC) has a few important crypto related decisions to make and is pushing back dates and causing a lot of distress in the blockchain and cryptocurrency communities.
2018-10-9 21:30 | |
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Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP.
2018-10-6 06:15 | |
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Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.
2018-10-6 16:37 | |
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Have you noticed recently there are less emails from African princes, desperate for help getting fortunes out of their country? Perhaps that is because they are now investing in clean energy systems, utilizing cryptocurrency to benefit their countries.
2018-10-4 00:00 | |
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Centbee of South Africa has announced the launch of its bitcoin cash wallet app in beta, as adoption continues to grow in Africa and elsewhere around the world. Some shops in Kenya already accept bitcoin cash for purchases.
2018-10-4 20:50 | |
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One of the impacts of the rapid, global advancement of digital asset markets has been seasons of volatility and turbulence. This creates a challenging environment for even the most astute investors in terms of managing cryptocurrency portfolios and investment strategies.
2018-10-3 17:37 | |
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Wallets are the bread and better of smart cryptocurrency management. Successful companies known there it’s important to give users different options when it comes to wallet for storing their cryptocurrency.
2018-10-3 06:39 | |
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Bitcoin exchange company Luno today announced the launch of its new African regional headquarters in Johannesburg, South Africa. Luno was the first crypto company to operate in Africa, with a presence in Nigeria and Cape Town, in.
2018-9-17 18:42 | |
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After successfully trialing blockchain-based payments for wholesale interbank settlement, South Africa’s central bank has scooped up the award for Best Distributed Ledger Initiative at Central Banking’s “FinTech RegTech Global Awards 2018.
2018-9-11 00:00 | |
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As many countries in South America, Africa, and Eastern Europe are in the midst of an economic crisis, depreciating national currencies don’t come as a surprise. What did come as a shock was the fact that bitcoin would be the first to challenge the stability of fiat currencies, outperforming three different national currencies in 2018, as research from Pension Partners...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.
2018-9-5 03:00 | |
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The state owned development banks of China, Russia, Brazil, India and South Africa signed an agreement last month at the 10th BRICS summit in Johannesburg to collaborate on blockchain research in the.
2018-8-29 18:58 | |
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North Korea Plans “Korean International Blockchain Conference” It is common knowledge that the reach of the cryptocurrency industry spans from the northernmost tip of Canada, right to the heart of South Africa.
2018-8-28 22:45 | |
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According to the acting head of the country’s tax authority, the suspected tax dodgers would be investigated and may face penalties.
2018-8-21 17:27 | |
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Bitcoin is slightly down again today to $6,400, but a number of hot-spots are apparently developing across the world as told by local premiums. We recently wrote about South Africa... The post Bitcoin at a Premium in Brazil, Why? appeared first on Trustnodes.
2018-8-10 18:42 | |
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A report published by the pan-African bank, Ecobank Transnational Inc. , has found that despite cryptocurrencies exerting a notable presence in each of the 36 African countries in which the company operates, only South Africa and Swaziland have adopted a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies.
2018-8-10 10:25 | |
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The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018.
2018-8-9 03:00 | |
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The South Africa Revenue Service (SARS) recently released a draft cryptocurrency tax legislation. The draft defines the framework of virtual currency taxation in the country. Details of the Draft Cryptocurrency Tax Legislation The draft cryptocurrency tax legislation follows on from the press release issued by SARS in April 2018.
2018-8-9 03:00 | |
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The South African tax agency has put forward a draft to tax income derived from cryptocurrency.
2018-8-8 13:40 | |
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AltCoinTrader Crypto Exchange Adds Dollar-Linked Option to Reduce Bitcoin Premium AltCoinTrader, a Johannesburg-based cryptocurrency exchange, has added a new bitcoin product, linking the US dollar to the platform in an effort to drive down bitcoin’s premium in South Africa’s market as well as attract more foreign investors. According to a partner at AltCoinTrader, Richard de […]
2018-8-6 21:37 | |
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South Africa is seeing increasing interest in bitcoin with the middle income nation of nearly 60 million people toping the country ranking of Google searches for bitcoin. This relatively higher. .
2018-8-6 18:05 | |
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ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.
2018-8-6 17:40 | |
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Sales for an exclusively African cryptocurrency opened up in August to those with a South African bank account — seemingly capitalizing on virtual currency’s popularity in the nation. Despite growing interest, however, scams and fraud are still rife in the country.
2018-8-5 11:00 | |
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What Is SAFCoin? FHM, a blockchain company, recently launched an ICO for the SAFCOIN, a new crypto for South Africa. It aims to make digital coins easy for all in Africa. 500,000 SAFCOIN tokens will be offered to South Africans at the ICO.
2018-7-29 09:15 | |
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Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed.
2018-7-28 23:45 | |
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Brazil, Russia, India, China and South Africa want to understand if distributed ledger technology can help them in the digital era.
2018-7-27 16:11 | |
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Pantera-backed crypto exchange VALR will now offer services in Poland as part of its global expansion efforts. South African cryptocurrency exchange VALR is moving beyond the African continent, choosing Poland as its first stop in expansion across the globe. In…
According to industry insiders, the upcoming South African elections on May 29 will not affect the nation’s cryptocurrency agenda. According to Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money, the elections will steer clear of cryptocurrencies. “We’ve been pretty…
According to a recent Reuters report, South Africa’s Financial Sector Conduct Authority (FSCA) has approved 59 operating licenses for crypto businesses. This significant development comes as Africa’s most industrialized economy takes progressive steps towards regulating the asset class.
Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.
South Africa (SA) is projected as one of the most crypto-friendly African countries. However, a recent development suggests that the crypto industry in the country may be enduring a torrid time as US crypto firms move to block users in the country.
The Financial Sector Conduct Authority (FSCA) of South Africa has made an announcement, stating that all cryptocurrency exchanges operating within the country must obtain licenses by the end of the year.