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.
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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.
South Africa authorities mull fresh approach to digital currency regulation
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.
South Africa central bank launches feasibility study for retail CBDC
The South African Reserve Bank has launched a study on the feasibility of a central bank digital currency (CBDC) as “complementary to cash.”
South Africa firms rushing to list first digital currency ETF in Africa
Two local firms are set to lodge their applications with the Johannesburg Stock Exchange, which has rejected such an application in the past.
South African exchange iCE3 goes into liquidation after BTC and LTC ‘discrepancies’
iCE3 has announced that it has initiated the liquidation proceedings after it found discrepancies in its BTC and Litecoin (LTC) balances.
Centbee joins South African watchdog’s regulatory sandbox
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.
Digital currency firms fleeing South Africa: report
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.