South Africa

south-africa-banknote
South Africa's Financial Watchdog to Bring Crypto Exchanges Into Regulatory Oversight
The Financial Sector Conduct Authority said it will start to regulate the crypto industry "in a phased and structured approach."
south-africa-banknote

south-africa-mullls-rand-cbdc-2720
South Africa's Central Bank Starts Research on Retail-Focused Digital Currency
The South African Reserve Bank said it will carry out trials on different technology platforms for the study.
south-africa-mullls-rand-cbdc-2720

johannesberg-south-africa
Plans Afoot in South Africa for Country’s First Bitcoin ETF
Crypto startup DCX Capital will apply to convert its crypto index fund EC10 into an ETF.
johannesberg-south-africa

tim-johnson-g8t03pblycs-unsplash
South African Cryptocurrency Exchange iCE3 Goes Into Liquidation
The company told customers withdrawals from the platform have been disabled, and they will get further details Wednesday.
tim-johnson-g8t03pblycs-unsplash

south-africa-map
iCE3 Exchange Halts Bitcoin, Litecoin Withdrawals After 'Discrepancies' Found
The firm has urged users to withdraw holdings of other cryptocurrencies.
south-africa-map

south-africa-map
South Africa's Regulatory Uncertainty Driving Away Crypto Startups: Report
A looming regulatory clampdown following a major Ponzi scheme's collapse is already prompting some exchanges to flee abroad.
south-africa-map

helicopter-1218974_1920
South Africa's Tax Agency Is Clamping Down on Crypto Users: Report
The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.
helicopter-1218974_1920

capetown
South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer's Collapse
“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.
capetown

shutterstock_742145041
Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers
Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade clients' bitcoin.
shutterstock_742145041

capetown
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
If implemented, the declaration would require crypto firms in South Africa to register as financial services providers.
capetown