South Africa Archives - Page 2 of 6

News

BANKING | Standard Bank, the biggest bank in South Africa, reports a more than 120% rise in the number of offshore accounts since 2021.

by Crypto Oracle June 19, 2024

According to a statement obtained by a local station, Standard Bank of South Africa has claimed a 121% increase in the number of offshore accounts created since June 2023. Bank executives claim that customers are looking to diversify their assets internationally in…

News

Bitcoin Events Announces Crypto Extravaganza and Web3 Conference in South Africa

by Terry Kunle June 4, 2024

Get ready for a double dose of crypto excitement in South Africa! Bitcoin Events is hosting two major events later this year: Crypto Fest 2024 and the Blockchain Africa Conference 2024. Crypto Fest Promises Unparalleled Experience for Enthusiasts The 6th edition of…

News

Around Africa: Angola Bans Crypto Mining, Zignaly Launches ZIGChain, and More

by Terry Kunle April 23, 2024

Quick Summary Angola's recent ban on crypto mining sends shockwaves through Africa's Bitcoin mining scene, impacting Chinese miners eyeing the continent's low-cost electricity. Zignaly launches ZIGChain, Zambia fosters blockchain talent, and AltCoinTrader secures licenses amidst South Africa's growing crypto interest. Explore…

News

VALR Secures Landmark Regulatory Approval in South Africa

by Terry Kunle April 16, 2024

In a significant step forward for South African cryptocurrency adoption, VALR, a leading local crypto asset platform, has been granted both a Category I and Category II Financial Sector Conduct Authority (FSCA) license as a Crypto Asset Service Provider (CASP). This makes…

News

South Africa ready to issue Licence to Crypto Exchange platforms

by Terry Kunle April 13, 2024

South Africa's financial regulator has begun issuing Crypto licenses , with exchange platform Luno and decentralized social investing marketplace Zignaly among the first batches of companies to receive approvals. Luno shared that it received approval as a financial service provider under the…

News

PARTNERSHIP | Carry1st and Electronic Arts Collaborate to Expand EA SPORTS FCTM Mobile Throughout Africa by Providing Cryptocurrency-Powered In-App Purchases

by Crypto Oracle March 1, 2024

Leading game publisher in Africa, Carry1st, in collaboration with Electronic Arts Inc. (EA), the world leader in digital interactive entertainment, launches EA SPORTS FCTM Mobile top-ups on the Carry1st Shop. Gamers can now utilize their preferred payment option, including cryptocurrency, to replenish…

News

FINTECH | Moya Money in South Africa is the Most Recent Fintech to Provide Payment Options for the Region’s Freelancers

by Crypto Oracle February 28, 2024

Moya Money, a finance firm based in South Africa, has reopened with an enhanced product offering and a new website aimed at small enterprises and independent contractors. Moya Money, which was founded in March 2021 by 25-year-olds Sabica Pardesi and Thulani Masebenza,…

News

PIVOT | Sun Exchange, a bitcoin-powered energy fintech company in South Africa, switches from crowdsourcing to institutional financing of solar projects

by Crypto Oracle February 26, 2024

An institution-focused strategy will replace the first Bitcoin-powered crowdsale methodology utilized by South African energy-fintech firm Sun Exchange to finance small-scale solar projects. When the company was founded in 2015, it first looked for organizations, including businesses and schools, that had feasible…

News

Regulation: Cryptocurrency Operators in South Africa May Soon Be Required to Report Transactions Over $2,650

by Crypto Oracle February 23, 2024

According to a recent budget analysis, South Africa is thinking of amending the Financial Intelligence Centre (FIC) Act to require the reporting of all cryptocurrency transactions that surpass 49,999 South African Rand ($2,650). According to the FIC Act, responsible institutions must notify…

News

LEGAL | MTI Investors, the Biggest Bitcoin Ponzi Scheme in South Africa, Fight Liquidator’s Requests for Repayment

by Crypto Oracle February 22, 2024

Investors in Mirror Trading International (MTI) are reportedly refusing calls from liquidators to reimburse any Bitcoin taken out of the Ponzi scam at the current market value, according to reports from South Africa. Attorney John Lister of Lister & Company claims, in…