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South Africa

Business

Steve Kaaru

6 December, 2023

South Africa weighs licenses for 36 VASPs

Of the 128 applications it has received, only 36 had met all the conditions and their licensing would be considered...

South Africa joins 47 countries to implement new digital asset taxation standards

Business

Steve Kaaru

13 November, 2023

South Africa joins 47 countries to implement new digital asset taxation standards

South Africa will implement the Crypto-Asset Reporting Framework standard by the OECD, which calls for automatic exchange of tax-relevant information...

South Africa’s Mirror Trading BTC scam to pay $1.7B in CFTC case

Business

Steve Kaaru

12 September, 2023

South Africa’s Mirror Trading BTC scam to pay $1.7B in CFTC case

Mirror Trading allegedly scammed 30,000 BTC from over 23,000 American investors, which it misappropriated, and CFTC imposed restitution of over...

Only 18% of Africans have owned digital assets: report

Business

Steve Kaaru

24 July, 2023

Only 18% of Africans have owned digital assets: report

The report also revealed that high-earning millennials are the most digital currency-savvy and that poorer countries like Namibia lead digital...

Africa’s largest bank wary of digital assets, wants to be a ‘fast follower’

Business

Steve Kaaru

19 July, 2023

Africa’s largest bank wary of digital assets, wants to be a ‘fast follower’

Standard Bank CEO Lungisa Fuzile says that the bank is approaching digital assets cautiously in fear of an implosion, but...

South Africa demands licensing for digital asset exchanges by December

Business

Steve Kaaru

13 July, 2023

South Africa demands licensing for digital asset exchanges by December

The FSCA says 20 exchanges have submitted applications, including Digital Currency Group-owned Luno, with the new licensing requirement meant to...

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Steve Kaaru

22 Nov 2024

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