South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ F...

South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ F...

The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated. Therefore, investors have no recourse against anyone should they get duped. Cryptocurrencies Are High-Risk Assets The FSCA’s warning comes a few weeks after an executive with the regulatory body bemoaned the challenges of regulating cryptocurrencies and how scammers are taking advantage of this. The....


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South African Women Lose Money to Crypto Scammer Who Convinced Them That Bots...

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UK’s FCA Warns Investors of High-Risk Crypto Investments and Scams

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South Africa warns people against Bitcoin after Bitcoin trial

Hlengani Mathebula of the South African Reserve Bank warns people for the dangers of using and trading Bitcoin. The story of Bitcoin's regulation continues. Today's turn goes to beautiful country South Africa. The government had been talking about Bitcoin for some time now. They even ran a 'Bitcoin trial'. In terms of willingness to accept, we love the idea of a trial. It beats saying no from the start without even considering. Internal testing. The South African Reserve Bank is responsible for considering Bitcoin's regulation. After reviewing the results of the Bitcoin trial, they decided....