Monero’s Riccardo Spagni denied bail in fraud case
Spagni has not been convicted of anything yet, but he stands accused of defrauding his former employer, Cape Cookies, out of R1.4 million, or just shy of US$100,000, over the course of two years.
Latest South Africa News
Mirror Trading International: US enforcement agencies join probe into South Africa scam
The FBI is reported to be teaming up with liquidators managing the assets of Mirror Trading International, acting on behalf of U.S.-based investors who have been left short in the collapse of the exchange.
Monero lead maintainer arrested in US over alleged fraud in South Africa
Riccardo Paolo Spagni, better known as Fluffypony, is alleged to have committed corporate fraud while working for a South African tech company back in 2009.
Africypt BTC scam: South Africa regulators, banks and exchanges play blame game
Africrypt was a digital currency investment company targeting the rich and celebrities, until founders Raees and Ameer Cajee claimed earlier this year to be hacked and lost all the investors’ money.
8,000 BTC from South Africa’s Mirror Trading International scam recovered: report
Mirror Trading International grabbed headlines after it allegedly scammed 280,000 investors by posing as a multi-level marketing scheme, promising get-rich-quick returns for the investors.
South African regulator to declare digital currencies as financial products after $3.8B scam
The Financial Services Conduct Authority is seeking to categorize digital currencies as a financial product, giving it jurisdiction over the industry and allow it to protect investors.
Founders of alleged scam Africrypt deny involvement in $3.8B ‘hack’
Africrypt targeted high-net worth individuals and celebrities, promising them ludicrous returns, according to reports in South Africa.
The CoinGeek Pulse Episode 49: China intensifies crackdown as US ‘hubs’ to the rescue, and Centbee Minit Money joins sandbox
In the wake of testing its central bank backed digital currency in different cities, China intensifies crackdown on block reward mining operations and digital currency transactions.
South African bank bans purchases on Binance over non-compliance claims
Absa Bank has reportedly barred its clients from purchasing digital currencies on Binance, telling its clients that the exchange was non-compliant.
South Africa BTC scam Africrypt makes off with $3.8B, asks victims not to report
South African investors are still in shock after a digital currency scam reportedly made off with R54 billion ($3.8 billion) and blamed it on a hack.
Centbee’s Minit Money joins regulatory sandbox in South Africa
The project was announced for inclusion in the Intergovernmental Fintech Working Group regulatory sandbox earlier this week, enabling easier testing against existing and new regulatory frameworks.
Bitcoin SV fintech Centbee selected for central bank regulatory sandbox
The regulatory sandbox provides market innovators with an opportunity to test new products and services that push the boundaries of existing regulation under the responsible supervision of relevant regulators.