Bitcoin News / Bitcoin.com - 1 year ago
According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said participants in the pyramid scheme may have lost as...
Bitcoin News / Google News Bitcoin - 1 year ago
South Africa recently declared bitcoin and other cryptocurrencies to be financial products. Here’s what we know& & Business Insider Africa
Bitcoin News / Bitcoin.com - 1 year ago
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial pro...
Cryptocoins News / The Cointelegraph - 1 year ago
The declaration marks the beginning of the long-awaited process of regulating crypto assets, which will produce benefits such as consumer protection and AML/KYC compliance....
Bitcoin News / Bitcoin Magazine - 1 year ago
The center will focus on financial literacy, foundational mathematics and English skills for the youth while providing Bitcoin education to older cohorts.Bitcoin Ekasi, a circular bitcoin economy located in South Africa, has opened the Bitcoin Ekasi...
Cryptocoins News / Finance Magnates - 1 year ago
<p class="MsoNormal">Binance, the world’s largest cryptocurrency
exchange, has relaunched crypto futures in South Africa, which is one of Africa’s
largest economies.</p><p class="MsoNormal">The exchange <a hre...
Bitcoin News / Bitcoin.com - 1 year ago
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regi...
Cryptocoins News / CoinJournal - 1 year ago
Binance had ceased offering crypto derivative products to customers in South Africa in October 2021.
The platform will now offer its crypto futures products via regulated platform FiveWest OTC Desk.
Brickhouse Trading Limited, a member of Binance gr...
Bitcoin News / Bitcoin.com - 1 year ago
The South African financial services giant, Nedbank, is reported to have acquired a village in the metaverse. The village will be used to showcase African creativity and to create experiences that “go beyond banking.” By securin...
Bitcoin News / Bitcoin.com - 1 year ago
A Web3 technology company, Virtual Nation Builders, recently said it acquired FHM, the firm that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to list on a global exchange. As a result of the Web3 firm’s acqu...
Bitcoin News / Bitcoin.com - 1 year ago
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country...
Cryptocoins News / The Cointelegraph - 1 year ago
The Springbok captain features in a new advertising campaign promoting a long-term attitude towards cryptocurrency investing in South Africa. National rugby captain Si...
Bitcoin News / Bitcoin.com - 1 year ago
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s...
Cryptocoins News / Blockchain - 1 year ago
South Africa’s Central Bank has released new guidelines stating that banks in the country may act as a channel for funds tied to crypto asset service providers. (Read More)