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

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

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

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

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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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

November 21, 2020
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Nov 21, 2020 at 6:32 p.m. UTC Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator. “The Declaration would have the effect that any person […]

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