Andre Cronje sees a ‘necessity for regulation’ ahead of crypto’s new era
A Medium post revealed Cronje’s disdain for crypto culture and his likely return to the space. Go to Source Powered by WPeMatico
South Africa
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Crypto users in Africa grew by 2,500% in 2021: report
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries. Go to Source Powered by WPeMatico
Experts weigh in on new crypto regulations in South Africa
Updated crypto regulations in South Africa could boost partnerships but potentially marginalize those who need it most, local experts warn. Go to Source Powered by WPeMatico
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the … Read more
South Africa’s financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report
“What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are potentially highly risky,” said Unathi Kamlana. Go to Source Powered by WPeMatico
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin. Go to Source Powered by WPeMatico
Binance pushes back against warning from South Africa regulator
Though the FSCA is an agency of the South African government, Binance claimed the country’s Financial Intelligence Centre was the “major regulator” with which it had been working to be in compliance with local laws. Go to Source Powered by WPeMatico
Kaspersky ranks cryptojackers among top malware threats in Africa
Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges. Go to Source Powered by WPeMatico
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With … Read more
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. Go to Source Powered by WPeMatico
