The Crypto Assets Regulatory Working Group set out its proposals for a new framework for regulating the sector, with a focus on digital currency service providers in the country.
The South African Reserve Bank has launched a study on the feasibility of a central bank digital currency (CBDC) as “complementary to cash.”
Two local firms are set to lodge their applications with the Johannesburg Stock Exchange, which has rejected such an application in the past.
iCE3 has announced that it has initiated the liquidation proceedings after it found discrepancies in its BTC and Litecoin (LTC) balances.
The sandbox will provide Centbee with the opportunity to test new products and services that push the boundaries of existing regulations while still under the oversight of the relevant regulators.
A number of high-profile startups are threatening to relocate to other digital currency havens if the government doesn’t step in and formulate enabling policies, according to a Bloomberg report.
The Financial Sector Conduct Authority said it’s receiving a large number of complaints from South African investors who have lost their savings through digital currency scams.
The tax agency’s audit request is the first requiring South Africans to disclose their digital currency activities, according to local reports.
Mirror Trading International was forced into liquidation in December 2020, amid claims it was operating illegally and fraudulently.
Africa’s profile as a significant player in the digital currency industry has continued to grow in recent years, Steve Kaaru writes.
In its draft bill, the Financial Sector Conduct Authority is proposing that all service providers register as financial service providers.