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.
Latest South Africa News
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.
Liquidators request greater powers in probing South Africa’s BTC Club
Mirror Trading International was forced into liquidation in December 2020, amid claims it was operating illegally and fraudulently.
Africa’s Bitcoin regulation is on right track, but there’s still long way to go
Africa’s profile as a significant player in the digital currency industry has continued to grow in recent years, Steve Kaaru writes.
South Africa regulator drafts bill to regulate digital currency service providers
In its draft bill, the Financial Sector Conduct Authority is proposing that all service providers register as financial service providers.
Bitcoin SV wallet Centbee launches bank withdrawals
The latest service expands Centbee’s suite of off-ramp options which currently include utility payments.
BuyBSV now available in Russia, South Africa and Nigeria
By expanding to the three countries, BuyBSV has now given over 400 million people an easy way to access Bitcoin.
BuyBSV.com expands to Russia, South Africa & Nigeria
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.
South Africa regulator warns vs $170M firm Mirror Trading
The Financial Sector Conduct Authority believes that the firm Mirror Trading has been operating without the required licenses.
South African firms face sanctions in 2 US states over alleged digital currency fraud
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.
Texas shuts down fraudulent South Africa BTC trading pool
The Texas securities regulator has issued an emergency order stopping a South African BTC and forex trading pool that has been illegally targeting Texans.