Farzam Ehsani – DIGIT INFO

South African Crypto Exchanges Push for Regulatory Change to Allow Pension Fund Investment

DIGIT — Fri, 10 Jan 2025 13:30:53 +0000

Cryptocurrency exchanges have argued that pension funds should be allowed to invest in crypto assets, enabling South Africans to benefit from the substantial growth in cryptocurrency value. South African Treasury Urged to Formulate Progress-Promoting Policies South African crypto exchanges have called on authorities to remove a prohibition barring pension funds from investing in crypto assets. […]

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South African Financial Sector Regulator Declares Crypto Assets a Financial Product

DIGIT — Thu, 20 Oct 2022 07:30:41 +0000

According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital […]

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South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’

DIGIT — Fri, 19 Aug 2022 06:30:41 +0000

According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service providers. Instead, the regulator wants financial institutions to only consider “de-risking” when the […]

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South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

DIGIT — Thu, 03 Mar 2022 06:30:05 +0000

South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that it raised […]

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Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage

DIGIT — Sat, 17 Jul 2021 06:00:36 +0000

Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need […]

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South African Exchange Valr Raises $3.4 Million in a Series A Funding Round

DIGIT — Tue, 21 Jul 2020 22:00:35 +0000

A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex. The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure. In a podcast with SA Crypto, Valr CEO, Farzam Ehsani explains […]

The post South African Exchange Valr Raises $3.4 Million in a Series A Funding Round appeared first on Bitcoin News.

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