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Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa
22.3.2021
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent
Africa’s solarized digitalization agenda in the time of coronavirus
20.3.2021
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies
South African crypto firms warn opaque regulations are harming the industry
9.3.2021
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines
South Africa learns a hard crypto lesson amid fast growing demand
9.2.2021
South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets
South African regulators issue fresh crypto investment warning
4.2.2021
Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market
South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report
4.2.2021
The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report
South African Taxpayers Who Fail to Disclose Income From Cryptocurrency Trading Face Possible Jail Time
4.2.2021
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine...
South African Regulator Seeks More Crypto Powers After Alleged Ponzi’s Collapse
27.1.2021
“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg
Scams are driving South African authorities to regulate crypto trading
27.1.2021
The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency
Liquidators seek expanded probe of alleged South African Bitcoin scheme
15.1.2021
Liquidators of the embattled Mirror Trading International want a deeper probe of the alleged Bitcoin multi-level marketing scheme
Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers
15.1.2021
Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade client's bitcoin
CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked
24.12.2020
In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed. The team alleges that Steynberg, now believed to be in Brazil, has locked out key management staff from accessing MTI’s account with...
Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
7.12.2020
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables...
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
29.11.2020
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
21.11.2020
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
Can blockchain make a difference? Africa sees vast monetary potential
15.11.2020
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems
MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin
30.10.2020
PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors....
Exploring the landscape of crypto regulations in sub-Saharan Africa
19.10.2020
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry
Bitcoin Revolution South Africa: Scam Claims Support by President Cyril Ramaphosa
15.9.2020
A bitcoin investment scheme called “Bitcoin Revolution South Africa” has been gaining much attention lately. Promoters claim that famous South Africans endorse this platform, including mining billionaire Patrice Motsepe, comedian and actor Trevor Noah, and President Cyril Ramaphosa....