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3232Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025
https://www.digit.info/report-regulations-governing-tokenized-deposits-and-crypto-assets-in-south-africa-set-to-effect-in-january-2025/
Sun, 26 Mar 2023 06:30:06 +0000https://www.digit.info/2023/03/26/report-regulations-governing-tokenized-deposits-and-crypto-assets-in-south-africa-set-to-effect-in-january-2025/Read more]]>Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using distributed ledger technology. Central Bank Considers Appropriateness of […]
]]>South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores
https://www.digit.info/south-african-retailer-pick-n-pay-now-accepting-payments-via-btc-at-all-its-stores/
Fri, 03 Feb 2023 12:30:29 +0000https://www.digit.info/2023/02/03/south-african-retailer-pick-n-pay-now-accepting-payments-via-btc-at-all-its-stores/Read more]]>Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases Just a few months after it began accepting […]
]]>South African Financial Sector Regulator Declares Crypto Assets a Financial Product
https://www.digit.info/south-african-financial-sector-regulator-declares-crypto-assets-a-financial-product/
Thu, 20 Oct 2022 07:30:41 +0000https://www.digit.info/2022/10/20/south-african-financial-sector-regulator-declares-crypto-assets-a-financial-product/Read more]]>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 […]
]]>Binance Resumes Offering Futures Trading Products to South African Users
https://www.digit.info/binance-resumes-offering-futures-trading-products-to-south-african-users/
Tue, 27 Sep 2022 09:00:57 +0000https://www.digit.info/2022/09/27/binance-resumes-offering-futures-trading-products-to-south-african-users/Read more]]>One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost […]
]]>South African Regulator Explains Why It Has Been Targeting Global Crypto Exchanges
https://www.digit.info/south-african-regulator-explains-why-it-has-been-targeting-global-crypto-exchanges/
Tue, 08 Mar 2022 11:00:49 +0000https://www.digit.info/2022/03/08/south-african-regulator-explains-why-it-has-been-targeting-global-crypto-exchanges/Read more]]>Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because the exchanges are not registered to offer derivatives in the country. Exchanges Not Registered to Offer Derivative Products […]
]]>South African Regulator Urges Public to Be More Cautious When Dealing With FTX, Bybit
https://www.digit.info/south-african-regulator-urges-public-to-be-more-cautious-when-dealing-with-ftx-bybit/
Thu, 03 Feb 2022 12:30:07 +0000https://www.digit.info/2022/02/03/south-african-regulator-urges-public-to-be-more-cautious-when-dealing-with-ftx-bybit/Read more]]>The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa. FTX Not Authorized to Give […]
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using distributed ledger technology. Central Bank Considers Appropriateness of […]
Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases Just a few months after it began accepting […]
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 […]
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost […]
Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because the exchanges are not registered to offer derivatives in the country. Exchanges Not Registered to Offer Derivative Products […]
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa. FTX Not Authorized to Give […]