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…
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…
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…
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…
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,…
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…
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…
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…
As South Africa witnesses a surge in businesses seeking crypto licenses, predominantly from registered financial service providers, the landscape is poised for a significant expansion in crypto offerings. “Very few of the licence applications submitted to the Financial Services Conduct Authority (FSCA)…
According to FCSA, about 10% of Crypto Assets Financial Service Providers operating in South Africa have their head offices in foreign countries. FCSA says a physical presence will ensure appropriate oversight and accountability.
Crypto companies with foreign headquarters may soon be required…