Category: South Africa

Binance pushes back against warning from South Africa regulator

September 3, 2021

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Though the FSCA is an agency of the South African government, Binance claimed the country’s Financial Intelligence Centre was the “major regulator” with which it had been working to be in compliance with local laws. 5310 Total views 18 Total shares In response to a warning from South Africa’s Financial Sector Conduct Authority, major cryptocurrency […]

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Kaspersky ranks cryptojackers among top malware threats in Africa

September 3, 2021

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Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges. 2708 Total views 25 Total shares Russian cybersecurity firm Kaspersky has detected more than 1,500 fraudulent entities targeting potential crypto investors and miners just in the first half of 2021. […]

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Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

September 2, 2021

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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

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South African asset manager denies stealing billions from users, claims $5M was lost in hack

June 29, 2021

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AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” 3156 Total views 6 Total shares Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting […]

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Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa

March 22, 2021

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The first-ever virtual version of Blockchain Africa delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19. The conference featured a number of well-known industry commentators, participants and thought leaders from around the world who addressed a completely virtual audience. The […]

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Africa’s solarized digitalization agenda in the time of coronavirus

March 20, 2021

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The seventh session of the Africa Regional Forum on Sustainable Development convened earlier this month with the theme “Building forward better: Towards a resilient and green Africa to achieve the 2030 Agenda and Agenda 2063” and to promote the economic, social and environmental dimensions of sustainable development. Amina Mohammed, deputy secretary-general of the United Nations, […]

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South African regulators issue fresh crypto investment warning

February 4, 2021

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Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market. 5868 Total views 20 Total shares South Africa’s Financial Sector Conduct Authority is sounding the cryptocurrency scam alarm once again. In a press release issued on Thursday, the FSCA enjoined the public to do their own due […]

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South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

February 4, 2021

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The South African Revenue Service is likely “ensnaring” non-compliant taxpayers, a tax consultancy said in a news report. Feb 4, 2021 at 11:43 a.m. UTCUpdated Feb 4, 2021 at 3:08 p.m. UTC South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report The South African Revenue Service (SARS) is reportedly sending taxpayers audit requests, […]

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South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse

January 27, 2021

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“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg. Jan 27, 2021 at 2:06 p.m. UTCUpdated Jan 27, 2021 at 2:32 p.m. UTC South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse South Africa’s financial market regulator is seeking greater oversight of the cryptocurrency […]

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Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers

January 15, 2021

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Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade clients’ bitcoin. (Havoc/Shutterstock) Jan 15, 2021 at 9:17 a.m. UTCUpdated Jan 15, 2021 at 2:25 p.m. UTC Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers Provisional liquidators are […]

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