South Africa – Page 6

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 […]

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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.

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Crypto does not qualify as currency, says South Africa’s central bank governor

South Africa’s top banker has said crypto are more akin to assets than actual currencies.

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Monero Developer Arrested in US on Fraud Charges at Request of South African Government

Former lead maintainer of Monero Riccardo Spagni, aka Fluffypony, has been arrested in the U.S. and is now waiting for his extradition to South Africa where he will stand trial for fraud. Spagni described the case as “an old matter, which I have continuously been trying to resolve since 2011.” Fluffypony Arrested, Waiting for Extradition […]

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FBI joins Mirror Trading probe in Africa to help recover US investor funds

The Federal Bureau of Investigation is joining the investigation into one of the largest alleged crypto scams of 2020.

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Monero’s former maintainer arrested in U.S. for allegations unrelated to cryptocurrency

An arrest warrant for Riccardo Spagni was issued on July 20, 2021 at the request of the South African government. He was apprehended the same day in the United States.

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Payments Provider Clear Junction Stops Processing Payments for Binance

On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial […]

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

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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$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds. Disappearance of Investor Funds The financial […]

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South Africa to revise national policy position on cryptocurrency

Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies.

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