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The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk category, citing a massive surge in local crypto adoption. New Risk Category Established The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk category, citing the surging value of crypto holdings … Read more
Global crypto regulation is set to accelerate as the G20 rallies behind sweeping oversight, unified standards, and next-generation financial-technology governance poised to reshape digital-asset markets worldwide. G20 Sets Unified Path for Digital Asset Oversight The G20 issued its Leaders’ Declaration on Nov. 22 at the South Africa summit, setting a unified direction for global oversight … Read more
Discovery Bank has partnered with crypto exchange Luno to integrate crypto asset trading directly into the bank’s mobile application. Seamless Crypto Trading Embedded in Banking Discovery Bank has collaborated with the crypto exchange Luno to integrate crypto asset trading into the bank’s mobile application. This move, which Discovery Bank CEO Hylton Kallner calls a response … Read more
Ripple’s latest move in Africa signals a bold stride for digital finance, teaming with Absa Bank to deliver institutional asset custody in South Africa and expand its blockchain infrastructure footprint across rapidly growing global markets. Ripple Expands in Africa With Major Custody Deal Ripple is advancing its presence in global finance as demand for blockchain-based … Read more
Sygnia CEO Magda Wierzycka has cautioned against excessive enthusiasm for bitcoin and emphasized that crypto should make up no more than 5% of discretionary assets. Sygnia CEO Cautions Against Excessive Enthusiasm for BTC The head of a leading South African investment firm has raised concerns over what she considers excessive enthusiasm surrounding bitcoin ( BTC), … Read more
Sub-Saharan Africa saw a major spike in crypto activity in March, reaching $25 billion in monthly on-chain volume—driven largely by Nigeria’s centralized exchange usage. Nigeria Fuels Sub-Saharan Africa’s Crypto Growth In March, Sub-Saharan Africa (SSA) saw a sharp surge in cryptocurrency usage, with monthly on-chain volume reaching nearly $25 billion, its highest since the beginning … Read more
South African financial firm Altvest Capital plans to raise millions to buy bitcoin and create a crypto treasury reserve. Altvest Capital to Rebrand as Africa Bitcoin Corp A South African financial services company, Altvest Capital, has announced plans to raise millions of dollars to purchase bitcoin and establish a crypto treasury reserve. While several reports … Read more
VALR, Africa’s largest crypto exchange by trade volume, has announced a three-year partnership with DHL Stormers to become the South African rugby team’s official crypto exchange partner. VALR’s branding will feature prominently at DHL Stadium and on team kits, while the exchange will host a VIP suite for institutional clients. The partnership includes fan engagement … Read more
Instead of creating a broad exemption framework for cryptocurrency exchanges, the South African central bank plans to release a new framework later this year focused on cross-border crypto asset transfers. Key Details of Proposed Framework South Africa is taking significant steps towards regulating cryptocurrency transactions, as highlighted by Finance Minister Enoch Godongwana’s recent statements. Rather … Read more
Sygnia, a South African investment manager, has launched the Sygnia Life Bitcoin Plus Fund, which tracks Blackrock’s Ishares Bitcoin Trust exchange-traded fund (ETF). Sidestepping South Africa’s Regulatory Hurdles South African investment manager Sygnia has launched a product that tracks Blackrock’s Ishares Bitcoin Trust ETF (IBIT). Known as the Sygnia Life Bitcoin Plus Fund, the product, … Read more
