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3232Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’
https://www.digit.info/africrypt-ponzi-scheme-collapse-south-africa-regulator-says-its-not-in-a-position-to-take-any-regulatory-action/
Fri, 25 Jun 2021 12:00:17 +0000https://www.digit.info/2021/06/25/africrypt-ponzi-scheme-collapse-south-africa-regulator-says-its-not-in-a-position-to-take-any-regulatory-action/Read more]]>Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions.” A Large Number of Scams While the FSCA […]
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions.” A Large Number of Scams While the FSCA […]