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South African Firms Launch a Local Currency-Backed Stablecoin
5.2.2026
A consortium of South African firms has launched ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the local currency. Transparency and Reserve Management A consortium of South African financial and fintech firms—Luno, Sanlam Specialised Asset Management, Easyequities, and Lesaka—has...
South Africa Crypto Sector Gains Regulatory Lift as 248 Providers Secure Licenses
16.12.2025
South Africa’s crypto market is accelerating into a higher-confidence phase as the FSCA confirms 420 CASP license applications, approvals stacking up, compliance pathways clarifying, and institutional-grade oversight reinforcing momentum around which firms are positioned to scale under...
South Africa’s Ezeebit Closes $2 Million Seed Round With Founder Collective to Scale Stablecoin Payments
12.12.2025
Ezeebit, a South African crypto payments infrastructure startup, has raised $2.05 million in seed funding to expand its stablecoin-based payment network across South Africa, Kenya, and Nigeria. Funding to Drive Product Development and Expansion Ezeebit, a South African stablecoin and cryptocurrency...
South African Reserve Bank Flags Crypto and Stablecoins as Structural Risk
28.11.2025
The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk category, citing a massive surge in local crypto adoption. New Risk Category Established The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk...
G20 Leaders’ Declaration Drives Unified Crypto Oversight With Stablecoin and DeFi Standards
23.11.2025
Global crypto regulation is set to accelerate as the G20 rallies behind sweeping oversight, unified standards, and next-generation financial-technology governance poised to reshape digital-asset markets worldwide. G20 Sets Unified Path for Digital Asset Oversight The G20 issued its Leaders’...
Discovery Bank Becomes First Major South African Bank to Offer Crypto Trading
18.11.2025
Discovery Bank has partnered with crypto exchange Luno to integrate crypto asset trading directly into the bank’s mobile application. Seamless Crypto Trading Embedded in Banking Discovery Bank has collaborated with the crypto exchange Luno to integrate crypto asset trading into the bank’s mobile...
Ripple Expands in Africa as Institutional Demand for Digital Custody Surges
17.10.2025
Ripple’s latest move in Africa signals a bold stride for digital finance, teaming with Absa Bank to deliver institutional asset custody in South Africa and expand its blockchain infrastructure footprint across rapidly growing global markets. Ripple Expands in Africa With Major Custody Deal Ripple...
Sygnia CEO Warns Against Overexposure to Bitcoin, Calls It Overvalued
25.9.2025
Sygnia CEO Magda Wierzycka has cautioned against excessive enthusiasm for bitcoin and emphasized that crypto should make up no more than 5% of discretionary assets. Sygnia CEO Cautions Against Excessive Enthusiasm for BTC The head of a leading South African investment firm has raised concerns over...
Study: Bitcoin Dominates Crypto Purchases in Nigeria, South Africa
16.9.2025
Sub-Saharan Africa saw a major spike in crypto activity in March, reaching $25 billion in monthly on-chain volume—driven largely by Nigeria’s centralized exchange usage. Nigeria Fuels Sub-Saharan Africa’s Crypto Growth In March, Sub-Saharan Africa (SSA) saw a sharp surge in cryptocurrency usage...
South Africa’s Altvest Plans Bitcoin Treasury, Seeks Millions in Funding
10.9.2025
South African financial firm Altvest Capital plans to raise millions to buy bitcoin and create a crypto treasury reserve. Altvest Capital to Rebrand as Africa Bitcoin Corp A South African financial services company, Altvest Capital, has announced plans to raise millions of dollars to purchase...
Crypto Meets Rugby: VALR Becomes Official Exchange Partner of South Africa’s DHL Stormers
23.8.2025
VALR, Africa’s largest crypto exchange by trade volume, has announced a three-year partnership with DHL Stormers to become the South African rugby team’s official crypto exchange partner. VALR’s branding will feature prominently at DHL Stadium and on team kits, while the exchange will host...
South Africa Moves to Regulate Cross-Border Crypto Flows
15.8.2025
Instead of creating a broad exemption framework for cryptocurrency exchanges, the South African central bank plans to release a new framework later this year focused on cross-border crypto asset transfers. Key Details of Proposed Framework South Africa is taking significant steps towards regulating...
South Africa’s Sygnia Launches Bitcoin Fund Tied to Blackrock’s IBIT
12.7.2025
Sygnia, a South African investment manager, has launched the Sygnia Life Bitcoin Plus Fund, which tracks Blackrock’s Ishares Bitcoin Trust exchange-traded fund (ETF). Sidestepping South Africa’s Regulatory Hurdles South African investment manager Sygnia has launched a product that tracks...
South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures
3.7.2025
Momint, a South African Web3 and crypto startup, has announced its closure due to rising operational costs, limited user growth, and a challenging funding environment. Founded in 2021, it was recognized as the country’s first NFT marketplace supporting local currency transactions and gained...
South Africa Central Bank Argues ‘Outdated’ Exchange Control Law Still Valid for Crypto Regulation
5.6.2025
The South African central bank has appealed a High Court ruling that criticized its use of an outdated exchange control law to regulate cryptocurrencies. Central Bank Says High Court Erred The South African Reserve Bank (SARB) has appealed a High Court ruling that criticized the central...
South African Judge Slams Central Bank for Using Apartheid-Era Laws to Regulate Crypto
1.6.2025
A South African judge has slammed the South African central bank for using outdated exchange control laws from the apartheid era to regulate cryptocurrencies. Judge: Apartheid-Era Laws Unfit for Cryptocurrency Regulation A High Court judge has criticized the South African Reserve Bank (SARB)...
Multichoice’s Irdeto and Coinbase Unite Against Illicit Cryptocurrency Use
1.6.2025
Irdeto, the African entertainment platform Multichoice’s digital security subsidiary, has partnered with Coinbase to combat cybercriminals using cryptocurrency for piracy and other illicit activities. Irdeto’s intelligence-led investigations have shown an increasing use of cryptocurrency...
Buying Fractional Gold: South Africa’s Mesh.trade Offers Tokenized Krugerrands
24.4.2025
South Africa’s tokenized financial assets exchange, Mesh.trade, has reportedly launched Bullion Krugerrand tokens issued by Troygold, allowing investors to buy fractional gold holdings stored securely at Brink’s in Johannesburg. Each purchase generates a gold ownership certificate confirming...
Binance Sets New Crypto Transfer Requirements for South African Users
24.4.2025
Binance tightens crypto transfer rules in South Africa, enforcing user identity checks and compliance prompts starting this month. New Binance Regulations Demand Sender and Receiver Info for South African Crypto Transfers Crypto exchange Binance announced on April 22 that it will begin requiring...
FSCA Warns South African Investors to Steer Clear of Unlicensed Crypto Firms
30.3.2025
South Africa’s financial services industry watchdog has issued a warning against unlicensed crypto trading firms accused of soliciting public funds while promising unrealistic returns of up to $542 per day. Unlicensed Crypto Firms Use Celebrity Names to Promote Offerings South Africa’s...