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.
The latest service expands Centbee’s suite of off-ramp options which currently include utility payments.
By expanding to the three countries, BuyBSV has now given over 400 million people an easy way to access Bitcoin.
As the Bitcoin SV blockchain expands so does the need for easy accessibility and as a result you can now buy Bitcoin SV (BSV) on BuyBSV.com with VISA or MasterCard in: Russia, South Africa and Nigeria.
The Financial Sector Conduct Authority believes that the firm Mirror Trading has been operating without the required licenses.
The firms claim to offer a debit card that is pegged on stablecoins, with promises of returns of up to 500% interest in just 24 months.