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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...
China Leads Africa’s Digital Currency Race
3.2.2021
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa
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
Trading Bitcoin in Africa Is a Way for Some to Escape Poverty
21.1.2021
Learning to trade bitcoin has become a valuable skill set for Africans looking to boost their income
Blockchain Africa Conference 2021: Beyond the Hype, Goes Online
20.1.2021
Blockchain Africa Conference 2021 organizers, Bitcoin Events, have announced that due to the global coronavirus pandemic and restrictions on travel and the uncertainty of the current environment, the 7th annual conference, will be hosted online this year. The event comes as collective sentiment...
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
15.1.2021
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world
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
Token-based electricity top-up app expands in Africa but faces headwinds
8.1.2021
Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa
Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
7.1.2021
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service...
Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year
5.1.2021
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said that deposits accounted for $18.87 million of the total...
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 Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years
17.12.2020
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to...
Africa is the future of DeFi, argues Cardano’s Charles Hoskinson
12.12.2020
The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world's second-most populous continent
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...
Everyone's talking crypto for solving sub-Saharan Africa's payments problems
3.12.2020
Stablecoins and continentwide regulations are key to breaking down barriers to Africa's economic growth
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
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...
Retail Crypto Trading Soars In Africa and Asia + More News
25.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Marcus Swanepoel, Founder of UK-headquartered crypto exchange Luno, recently acquired by the Digital Currency Group, said that...