2020-5-28 23:45 |
According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption. origin »
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South Africa has declared crypto assets as a financial product under the Financial Advisory and Intermediary Services act. The post South Africa: Crypto Assets Are Now Classified as Financial Products appeared first on BeInCrypto.
2022-10-20 23:45 | |
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South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers.
2020-4-20 16:15 | |
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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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Sesacash plans to curb the shortcomings of Africa’s financial system by making cryptos mainstream
2020-4-16 11:55 | |
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If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other […] The post Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira appeared first on Bitcoin News.
2020-3-8 11:05 | |
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The move from social media to financial services is laden with opportunity. With people surrendering their personal information, the leap to surrender money was bound to be next. In the midst of thThe post Bitcoin's future lies in Africa; Jack Dorsey is making sure of that appeared first on AMBCrypto.
2020-2-5 17:00 | |
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The big-four bank, Nedbank, may become the latest financial institution in South Africa to close cryptocurrency bank accounts, reports the local media channel. The bank will be following in the footsteps of the First National Bank (FNB) that closed the digital currency-related bank accounts back in November, last year citing lack of regulations as the […]
2020-1-26 00:55 | |
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Karatbars International controversial KBC coin will no longer be getting attention from South Africa’s financial markets regulator, the Financial Sector Conduct Authority (FSCA). The regulator had earlier on issued a warning terming the KBC coin a ‘fraud’; German’s BaFin also made similar moves in response to Karatbars operations within its jurisdiction. FSCA Vs Karatbars International […]
2019-12-19 18:06 | |
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For the last month, Twitter and Square CEO, Jack Dorsey, has been going around Africa to understand the state of the region, most likely from a financial services and payment perspective. According to Forbes, Dorsey met Bitcoin business owners at a meetup in Nigeria and subsequently tweeted that Africa will define the Bitcoin future, DecemberRead MoreRead More.
2019-12-3 16:00 | |
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Morocco is planning to boost its financial sector in the country through the deployment of blockchain technology. The Governor of the Central Bank of Morocco, Abdellatif Jouahri, announced during the Africa Blockchain Summit in Rabat that the country is in the process of applying technology to improve financial services. The implementation of this fintech project […]
2019-11-23 18:49 | |
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Coinspeaker Lesotho Signs MoU with Crypto Platform Apollo to Develop Financial Infrastructure in AfricaApollo Foundation is announcing an MOU with the nation of Lesotho to develop and implement blockchain technology in various government departments and initiatives.
2019-11-20 13:28 | |
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OPay, headquartered in Lagos, Nigeria has raised $120M from a horde of high-profile Chinese venture capitalists as part of its series B round of financing. OPay was launched in 2018 by Opera, the web browser primarily focuses on creating digital compensation solutions that can be used to enhance financial inclusion. According to what the company’s […]
2019-11-18 19:16 | |
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In Germany, according to a recent press release by BaFin, the Federal Financial Supervisory Authority of Germany, a cease and desist order has been issued against Karatbit. The cease and desist is to stop the company from its unauthorized electronic money business in Germany.
2019-11-18 22:46 | |
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Jack Dorsey is traveling in Africa to meet like-minded people who are also interested in Bitcoin. Nigeria and Ghana are two countries he has visited thus far. Jack Dorsey, the CEO of both Twitter and Square, has been touring some countries in Africa to better understand the continent’s financial infrastructure.
2019-11-12 17:25 | |
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Huobi Cloud has announced its plan to provide local financial institutions with white-label exchange services in the Middle East and Africa.
2019-11-1 10:18 | |
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The Financial Services Commission (FSC) has issued an investor alert regarding a crypto-Ponzi scheme being advertised on social media, asking people to invest in digital assets called “Cloud Token Mauritius” & “Cloud Token Indian Ocean and Africa” through a mobile application called ” cloud token.
2019-9-26 23:58 | |
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DASH now available African exchange and payments app Kudi - CryptoNinjas Today, it was announced that cryptocurrency Dash will be available on Ferrum Network, an interoperability network for real-world financial applications, including listing as a payment option on its African-based Kudi Exchange.
2019-9-17 21:51 | |
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Standard Bank, known as the largest banking institution in the African continent, has recently decided to join forces with the Marco Polo Network, a blockchain-based financial company. Now, the bank will start to create financial solutions together with the blockchain company.
2019-8-24 01:09 | |
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Bitcoin forayed into the financial markets ten years ago and became a benchmark asset to a new wave of trading instruments now known as cryptocurrencies. But for South Africa’s richest woman Magda Wierzycka, it is not worth an investor’s dime.
2019-8-23 17:00 | |
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Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history.
2019-8-21 20:30 | |
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Nigeria’s Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila, has said that the proliferation of bitcoin (BTC), altcoins and distributed ledger technology (DLT) into the global financial ecosystem has made it quite critical for the most populous nation in Africa to formulate amenable regulations for its cryptospace in order not to be leftRead MoreRead More.
2019-7-24 17:00 | |
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Astrome is revolutionizing internet delivery through its innovative millimetre wave wireless communication technology. The company aims to launch a constellation of 198 ultra-High Throughput Satellites(ultra-HTS) in Low Earth Orbit called SpaceNet.
2019-7-18 11:03 | |
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Nigeria, the most populous nation in Africa has announced plans to officially adopt an open banking standard powered by new technologies such as distributed ledger technology (DLT), to promote transparency in the financial services sector, according to a report by local news source the Guardian on July 1, 2019.
2019-7-2 21:00 | |
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By CCN Markets: One of Africa’s largest insurers, Old Mutual, has announced it will no longer cover crypto mining equipment due to lack of regulation. After researching the industry, the Pan-Africanist financial group discovered a number of reasons that prompted it to make the decision that will not sit well with crypto miners.
2019-6-14 11:31 | |
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The potential of blockchain and other types of distributed ledgers have been touted as the biggest financial innovation in recent years. Immutability, transparency, and efficiency are key factors for creating an inclusive financial system.
2019-6-8 09:30 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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Forbes reported that Ethereum and Cardano co-founder, Charles Hoskinson, has announced the launch of an enterprise blockchain framework in collaboration with the government of Ethiopia. Financial Services for Africa’s Unbanked Charles Hoskinson is launching “Atala,” an enterprise blockchain framework that aims to provide financial services to billions living in African countries.
2019-5-2 09:00 | |
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South Africa Set To Welcome Crypto-Assets To Its Native Retail Market Thanks To PundiX And DoshEX As things stand, there currently exist millions of individuals within South Africa who still do not have access to basic banking services or even a tangible financial network that can allow them to facilitate value transfers (using older technologies […]
2019-4-6 21:28 | |
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Some of the most promising markets for cryptocurrency are in developing nations, where large populations have no access to financial networks. The latest effort to increase inclusion is from DoshEx and Pundi X, which have joined forces to bring crypto retail to South Africa.
2019-4-6 23:08 | |
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The peer-to-peer bitcoin marketplace Paxful announced today, April 2, 2019, that it’s introducing AI-powered identity verification to help improve know-your-customer (KYC) and anti-money laundering (AML) procedures on the platform.
2019-4-3 21:13 | |
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Lesotho, South Africa, March 20, 2019 – HYBSE Lesotho (PTY) Ltd. (HYBSE) has launched its exchange today, which allows traders to exchange and trade all financial instruments on a distributed ledger technology (DLT).
2019-3-22 10:21 | |
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Lesotho, South Africa, March 21 2019 – HYBSE Lesotho (PTY) Ltd. (HYBSE) has launched its exchange today, which allows traders to exchange and trade all financial instruments on a distributed ledger technology (DLT).
2019-3-21 17:38 | |
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When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition.
2019-3-1 17:19 | |
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On February 21, 2019, peer-to-peer bitcoin marketplace Paxful announced a partnership with trading platform BitMart for the purpose of vastly increasing the latter’s liquidity and scalability.
2019-2-23 00:36 | |
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In the Western world, many people look at cryptocurrencies as an investment, and obsess over their price movements. In Africa, however, cryptos are much more than an investment asset class: they are transforming lives, in the financial services sector and beyond.
2019-2-9 19:34 | |
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For consumers in countries with unstable currencies, crypto is proving to be a lifeline — offering a financial alternative to hyperinflation and cash shortages #SPONSORED
2019-1-30 18:21 | |
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Пакистанское подразделение телекоммуникационной компании Telenor запустило основанный на блокчейне сервис международных расчетов. Об этом сообщается в опубликованном 8 января пресс-релизе. Согласно анонсу, организации Telenor Microfinance Bank (TMB), Valyou и Telenor Easypaisa совместно запустили основанный на блокчейне сервис в Пакистане.
2019-1-10 16:26 | |
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The CEO of successful investment house Galaxy Partners has stated that he sees Bitcoin and other cryptocurrency as a highly risky investment. It is for these reasons that Viswanathan Shankar will not be allocating any of his fund to the emerging technological and financial innovation.
2019-1-2 21:30 | |
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The financial authorities of South Africa are now looking for comments on a proposed policy that could enact changes that would offer more regulatory certainty in the country. This happened soon after the South African Reserve Bank (SARB) and the National Treasury decided to overhaul the current system that is being used in the country, […]
2018-12-7 17:41 | |
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Gravity Earth is a company that is helping refugees in Africa by introducing a blockchain-based platform that allows them to prove their identity which in turn can help them gain access to financial services.
2018-12-2 23:00 | |
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Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).
2018-11-10 02:15 | |
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Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal.
2018-10-7 19:55 | |
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Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp.
2018-10-6 22:05 | |
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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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Some African Governments are on revenue generation drive by raising taxes to fund budget deficits. From Zimbabwe to Kenya, Uganda to Benin, the same scenario is playing out and mobile money is the prime target.
2018-10-4 14:38 | |
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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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The Japan-based SBI Remit has recently announced its collaboration with BitPesa for utilizing the latter’s digital treasury management solution to enable convenient transactions between Japanese merchants and African countries.
2018-9-27 15:14 | |
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SWIFT, the “global provider of secure financial messaging services,” has recently published a report stating that the U. S. dollar is losing its place as the top inter-continental currency in Africa.
2018-9-25 05:06 | |
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The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.
2018-9-24 21:33 | |
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Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
Amid tightening regulations from the UK's FCA, Bybit might halt operations from Oct. 8
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell below expected levels.
The entire crypto market, and especially Bitcoin, have been badly affected by the unexpected collapse of the FTX crypto exchange weeks ago. Bitcoin price has gone as low as $15,800 within that time even though it sold at nearly $70,000…
Two cryptocurrency exchanges chose to kick off advertising campaigns on London's Underground system Monday.
The Digital Currency Group (DCG) is flexing its balance sheet muscle once again in the Bitcoin market. The parent company of Grayscale Investments revealed it’s acquiring London-based cryptocurrency exchange Luno, whose focus is on the emerging and frontier markets, where Bitcoin is king.
Blockchain-focused investment firm Digital Currency Group has acquired Luno, a retail-focused cryptocurrency exchange with over five million customers.