South Africa welcomes Bitcoin academy
A dedicated academy that will teach the willing students about Bitcoin has opened up at the Bandwidth Barn in Woodstock, Cape Town. This academy that will focus on the courses related to Bitcoin and blockchain development has been founded by Sonya Kuhnel who is also the founder of Bitcoin Payments and Bitcoin Events. The Bitcoin academy will have three courses and a Bitcoin enthusiast could pick up any of these courses depending upon his needs. Each session will run for a full day and the courses are listed as under: Bitcoin 101 Course: This can be called the foundation course and covers....
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Louise Hogarth, an Academy Award winning Director and Producer is preparing a new documentary describing the process of paying wages to rural crafters in Bitcoin. With this project, Louise intends to support and bring attention upon one of the poorest communities in Africa and the elephant cause. Hogarth is best known for documentaries tackling controversial issues. Her previous work was filmed in Africa. Angels in the Dust was filmed in South Africa and shares the true story of Marion Cloete and the orphans she is responsible for. Throughout the documentary Hogarth, tries to connect the....
Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to give any financial advice or render any intermediary services in the country.
Binance Ceases Some Services in South Africa
Cryptocurrency exchange Binance announced Friday some changes to its offerings in South Africa. Noting that it “constantly evaluates its product and service offerings to comply with local regulations,” Binance said it will....
Bitcoin ATMs (Automated Teller Machines) have been popping up all over the world. Hong Kong, Australia, Dubai, and America, among other places, have operating Bitcoin ATMs. These ATMs have only become widespread in the past few months and are a very new and incomplete technology. Now, they're coming to Africa. Coming to Africa. [dropcap size="small"]Bitcoin's first ATM in the vast continent of Africa is expected to be opened to the public in late May. The ATM will be owned by ZABitcoinATM. The first ATM will come to Johannesburg, South Africa. A second one, which will come a month after....
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South Africa’s Financial Sector Conduct Authority (FSCA) announced Friday that it has published “a draft declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Services Act [FAIS].” Comments on the draft declaration can be submitted until Jan. 28, 2021.....
The list of regulators warning that Binance is illegally operating in their jurisdictions continues to grow. The authorities in Singapore and South Africa have become the latest to warn that the global cryptocurrency exchange may be in breach of their local laws.
South Africa’s Financial Sector Conduct Authority Warns Against Binance
The South African financial regulator issued a notice Friday about Binance, stating:
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious and vigilant when dealing with Binance Group as they are not authorised to....