Bitcoin News / Bitcoin.com - 2 years ago
While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation.
Crypto Utility Inspires Volati...
Bitcoin News / Bitcoin.com - 2 years ago
Former lead maintainer of Monero Riccardo Spagni, aka Fluffypony, has been arrested in the U.S. and is now waiting for his extradition to South Africa where he will stand trial for fraud. Spagni described the case as “an old matter, which I hav...
Bitcoin News / Bitcoin.com - 2 years ago
A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets an...
Bitcoin News / Bitcoin.com - 2 years ago
South African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kgan...
Bitcoin News / Bitcoin.com - 2 years ago
A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink.
Increasing Circulation of Stained...
Bitcoin News / Bitcoin.com - 2 years ago
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a conseque...
Bitcoin News / Bitcoin.com - 2 years ago
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’...
Bitcoin News / Bitcoin.com - 2 years ago
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company.
Contravent...
Bitcoin News / Bitcoin.com - 2 years ago
A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year. Nevertheless, the judge postponed a ruling on...
Bitcoin News / Bitcoin.com - 2 years ago
With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now...
Cryptocoins News / The Cointelegraph - 2 years ago
AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” Raees C...
Bitcoin News / Bitcoin.com - 2 years ago
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purcha...
Bitcoin News / Bitcoin.com - 2 years ago
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to invest...
Cryptocoins News / NewsBTC - 2 years ago
Two African brothers have disappeared, and so does the $3.6 billion in bitcoin from their cryptocurrency investment platform.
Biggest Scam In Bitcoin History?
Africrypt is a cryptocurrency investment platform based in South Africa. It was set up by A...
Cryptocoins News / The Cointelegraph - 2 years ago
Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack? Around 69,000 Bitcoin (BTC)...
Bitcoin News / Bitcoin.com - 2 years ago
A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a te...
Bitcoin News / Bitcoin.com - 2 years ago
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company&rsq...
Cryptocoins News / The Cointelegraph - 2 years ago
Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies. South Africa’s financial regulators are laying the...
Bitcoin News / Bitcoin.com - 2 years ago
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Re...
Bitcoin News / Bitcoin.com - 2 years ago
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to per...