South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper
South African central bank has issued a jointly developed consultation paper, revealing that it does not intend to ban crypto Go to Source Powered by WPeMatico
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South Africa Wants to Mandate Registration of Crypto Service Providers
A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register with the government in 2019. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in … Read more
Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam
A failed attempt to illicitly gain Bitcoin ultimately netted attackers just $70 when they compromised Cricket South Africa’s Twitter account Go to Source Powered by WPeMatico
Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies
The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it said. Also read: Coinflex Exchange to Offer Leveraged BCH and BTC Futures 70 Percent of Central Banks Working … Read more
BIS: 70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans
A new report from the Bank for International Settlements has found that 70 percent of central banks are conducting research into central bank digital currencies Go to Source Powered by WPeMatico
South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies
The Minister of Finance of South Africa, Tito Mboweni, explained in a letter on Jan. 2 that the region’s government has created a regulatory working group dedicated to cryptocurrencies. According to Mboweni, the working group includes representatives from multiple South African agencies and aims to produce a comprehensive regulatory response to the growing digital asset … Read more
South African Government Establishes Crypto Assets Regulatory Working Group
A crypto assets regulatory group has been reportedly established by the South African government Go to Source Powered by WPeMatico
Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful
Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa … Read more
Report: Emerging Markets See Sharp Growth in Cashless Transactions
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered. Also read: African Cryptocurrency Exchanges Forced to Step-Up … Read more
African Cryptocurrency Exchanges Forced to Step up Security
Cryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world. Also read: Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey The Worst Yet to Come for African Exchanges Exchanges in the … Read more