south africa crypto – DIGIT INFO

African economies show high potential for digital asset adoption

DIGIT — Sun, 22 Sep 2024 11:00:27 +0000

South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR.

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Report: Just Over Half of South Africans Have Little to Zero Knowledge About Cryptocurrencies

DIGIT — Wed, 27 Jul 2022 06:00:22 +0000

About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respondents said they would only invest in cryptocurrency if or when their respective banks are involved. South Africans Weigh In on […]

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South African Regulator Explains Why It Has Been Targeting Global Crypto Exchanges

DIGIT — Tue, 08 Mar 2022 11:00:49 +0000

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 […]

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Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin

DIGIT — Sun, 16 Jan 2022 12:30:55 +0000

The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below Global Average According to the […]

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25% of South Africans Own Cryptocurrency With Average Value of Assets Held Below $70

DIGIT — Wed, 15 Sep 2021 11:00:50 +0000

According to the findings of a study by KLA, a market research and data specialist firm, some 47% of South African adults are holders of cryptocurrency, with the majority of this number holding low-value investments. In addition, the study shows that 36% plan to invest in crypto in the future. South Africans Still Experimenting With […]

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South African Start-Up Aims To Shield Merchants From Crypto Price Swings

DIGIT — Thu, 05 Aug 2021 08:54:21 +0000

While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented migrants, cryptocurrencies offer a faster and cheaper way of sending money to their loved ones. For […]

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South African asset manager denies stealing billions from users, claims $5M was lost in hack

DIGIT — Tue, 29 Jun 2021 03:50:50 +0000

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.”

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$3.6B in Bitcoin vanishes in ‘hack’ along with owners of South African crypto platform

DIGIT — Thu, 24 Jun 2021 01:36:41 +0000

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack?

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Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

DIGIT — Mon, 19 Apr 2021 14:30:15 +0000

Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s […]

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South African Crypto Exchange Ceases Operations Less Than a Month After Suspending BTC Withdrawals

DIGIT — Wed, 07 Apr 2021 19:30:42 +0000

A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised the firm to start liquidation proceedings. ‘Extreme Pressure’ In […]

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