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.
Latest South Africa News
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.
South African watchdog warns against growing digital currency scams
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.
South Africa cracks down on digital currency tax evaders
The tax agency’s audit request is the first requiring South Africans to disclose their digital currency activities, according to local reports.