Travel Rule now applies to VASPs in South Africa, but Centbee has been ready for years
The Travel Rule has focused on banks, but a recent amendment has broadened it to include VASPs, and as Centbee revealed, it preempted the rule months ago.
The Travel Rule has focused on banks, but a recent amendment has broadened it to include VASPs, and as Centbee revealed, it preempted the rule months ago.
The Prudential Authority, the arm of the SARB that oversees financial institutions, urges banks to adopt a risk assessment approach to virtual assets service providers.
The South African Revenue Service defines digital assets as all items stored on a distributed ledger on decentralized networks, including currency and non-currency assets.
The former Monero lead maintainer was extradited to South Africa from the U.S. earlier this month to face over 370 charges of fraud against his former employer.
In June 2021, Riccardo Spagni was arrested by the U.S. authorities at the request of the South African government. He was charged with 378 counts of fraud and forgery in his home country.
The South African government issued an arrest warrant for the former Monero lead maintainer, who is accused of defrauding $100,000 from his former employer.
Sinan Energy is targeting 100MW of distributed generation in South Africa, with the funding for the project coming from the sale of tokenized carbon credits.
Project Khokha 2 involved the country’s top banks, which experimented on a wCBDC for interbank payments settlement, but SARB says results are still inconclusive.
South African based Bitcoin SV wallet Centbee has released several new features over the past few months that have not gotten much attention in the community.
The FSCA said it has tried to contact FTX on the issue to no avail, but CEO Sam Bankman-Fried refuted the claims and said he wants to work with the regulator.
Lorien Gamaroff joined the latest episode of the CoinGeek Weekly Livestream and talked about Centbee's new "Honey Rewards" feature and his passion to make Bitcoin accessible for everyone.
Authorities have launched a probe into the two Cajee brothers, the founders of Africrypt who allegedly vanished with billions after a Dubai firm started paying some of the victims.