Crypto Assets in South Africa Would Be Considered Financial Products Under Re...

Crypto Assets in South Africa Would Be Considered Financial Products Under Re...

If implemented the declaration would require crypto firms in South Africa to register as a financial services provider.


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South Africa Unveils New Crypto Rules as Usage Soars Exponentially

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.....

South Africa's Financial Power Players Just Went All-In on Blockchain

South Africa's central bank, its central securities depository (CSD) and several of its largest banks came together yesterday to chart a course toward large-scale blockchain implementation. Held in Johannesburg, South Africa, the meeting saw members of the blockchain working group elect a chairman, secretariat and set strategic objectives for the year ahead. Collectively, the participants in the working group comprise nearly every participant necessary to build and implement real blockchain products. Yet, even more remarkable is the outlook of some of the participants. Monica Singer, CEO....

LocalBitcoins Volume In South Africa Shows 50-fold Growth In One Year

The concept of Bitcoin has been attracting attention from all over the world in recent years. Digital currency provides a way to achieve financial freedom regardless of one’s location or access to existing services and platforms. South Africa seems to be taking a serious liking to Bitcoin in recent weeks, as the LocalBitcoins trading volume keeps spiking week over week. South Africa Goes Through Financial Turmoil. Historically speaking, the increase in trading volume on LocalBitcoins in South Africa has been taking place since April of 2015. Even though a small increase is nothing to make....

Africa to Receive its First Bitcoin ATM

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Bitcoin Ponzi Scheme MMM Global Gains Supporters in South Africa

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