25% of South Africans Own Cryptocurrency With Average Value of Assets Held Be...
According to the findings of a study by KLA, a market research and data specialist firm, some 47% of South African adults are holders of cryptocurrency, with the majority of this number holding low-value investments. In addition, the study shows that 36% plan to invest in crypto in the future. South Africans Still Experimenting With Cryptocurrency Though the KLA findings report that 47% of South Africans are holders, the Businesstech report quoting KLA’s Tessa Nowosenetz explains the value of crypto assets held is still very low. This low average value suggests that many are still....
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About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respondents said they would only invest in cryptocurrency if or when their respective banks are involved.
South Africans Weigh In on Crypto Knowledge
According to the findings of Merchant’s consumer survey study, just over half of South Africans (53%) have little to zero knowledge about cryptocurrency. The study also found that out of the surveyed South Africans, only 14%....
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans.
Productive Consultations
In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com News, Binance announced it was terminating some of its services in South Africa in order to comply with regulations.
In its initial warning that prompted Binance to act, the....
The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below Global Average According to the findings of the latest Finder survey, out of the 2,003 South African internet users that were surveyed, 11.3% said they own cryptocurrency. This cryptocurrency ownership rate is said to be marginally higher than that of the United States (10.5%) and Sweden (9.8%).....
ZapGo aims to revolutionize how young South Africans spend their cash online. The new mobile money start-up by South Africans Michail Brynard and Helghardt Avenant (currently halfway through the Boost VC accelerator program in Silicon Valley), uses the Bitcoin network as the underlying mechanism to transfer value. However, this is not an entirely new business. The duo ran it as Xoin prior and offered a slightly different service of selling bitcoin redeemable vouchers as an easy way to make the crypto coin accessible to many. From Xoin, they learned that bitcoin in its raw form is too....
"Freedom Day means you are free to use your own money to live your best life," said BitcoinZAR, a Bitcoin advocate in South Africa. On Wednesday, South Africa celebrated Freedom Day, which honors the country's first post-apartheid democratic election in 1994.Cointelegraph reached out to different notable individuals in the South African crypto community to see what the holiday meant to them. BitcoinZAR, a Bitcoin advocate in South Africa, noted that "Freedom Day means you are free to use your own money to live your best life," adding:“We are free on Freedom Day to choose Bitcoin instead of....