$14.5 Bln South African Investment Firm to Launch Crypto Exchange
A major South African investment firm with 180 billion rand ($14.5 bln) under management will launch a cryptocurrency exchange later this year Go to Source Powered by WPeMatico
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South African Asset Management Firm, Sygnia, to Open Crypto Exchange
Johannesburg-based investment management company, Sygnia Ltd., has announced its intention to launch a cryptocurrency exchange, Sygniacoin – which is expected to launch in the third quarter of 2018. Also Read: BTCC to Launch New Exchange Platform in June South African Wealth Management Firm to Launch Cryptocurrency Exchange Next Quarter South African investment management firm, Sygnia, has … Read more
South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors
South African Police are investigating an alleged crypto investment fraud in which 28,000 investors are said to have lost over $80 mln Go to Source Powered by WPeMatico
SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”
Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into … Read more
South African Kidnappers Demand a 15 Bitcoin Ransom
Bitcoin and other cryptocurrencies have always been appealing to criminals. Whereas most of the illegal activity takes place online, that is not always the case. In South Africa, a kidnapping of a 12-year-old child is making headlines. This is mainly because the kidnappers have demanded a 15 Bitcoin ransom prior to releasing the child. Another … Read more
South Africa’s Central Bank Calls Crypto ‘Cyber-Tokens’, Not Currency
The central bank of South Africa will classify digital currencies “cyber-tokens,” claiming they don’t fit the definition of money Go to Source Powered by WPeMatico
South Africa: Gang Kidnaps 13 Year Old Boy, Demands Ransom of 15 Bitcoins
The abductors of a 13-year-old boy in South Africa have demanded a “non-negotiable” ransom of 15 BTC ($120,000) for his release Go to Source Powered by WPeMatico
Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One
A new crypto teller machine is now operational in South Africa’s largest city, Johannesburg. The ATM, which supports several digital coins, has been installed at a supermarket in the north-western part of the city’s metro area. It is the latest addition to a growing number of terminals offering automated crypto-fiat exchange services in the country … Read more
Bitcoin in Brief Tuesday: Wary Giants, Eager Dwarfs
For some obvious reasons, but also irrational fears, big players like China, Russia, and the European Union are wary of cryptos like bitcoin. Centralized control doesn’t square with decentralization. However, often that’s not how their own regions and smaller neighbors feel about cryptocurrencies. In today’s Bitcoin in Brief we cover some recent developments mirroring this … Read more
South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income
The tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs … Read more
