South Africa Archives - Page 4 of 6

News

Regulation: In an effort to combat cryptocurrency money laundering, South Africa has adopted the Global Standard Crypto-Asset Reporting Framework (CARF).

by Crypto Oracle November 16, 2023

To strengthen efforts to combat those who utilize cryptocurrency assets to avoid paying taxes and engage in money laundering, South Africa is one of 48 nations or territories that have adopted the Common Reporting Standard. The South African Revenue Service (SARS) said…

News

To avoid “enforcement action,” South Africa is cautioning all cryptocurrency exchanges to obtain licenses by November 2023.

by Crypto Oracle November 14, 2023

Should cryptocurrency exchanges persist in operating without a license beyond the deadline, the regulatory body is equipped to implement "enforcement action." This action may involve the imposition of fines or the closure of non-compliant businesses. By the end of 2023, all cryptocurrency…

Article Bitcoin

SARS makes big move on Bitcoin and crypto assets in South Africa

by 'Femi Michael November 11, 2023

The South African Revenue Service (SARS) has joined close to 50 other jurisdictions around the world in pledging to adopt a new Crypto-Asset Reporting Framework (CARF) developed by the OECD and work to put it into law. “To keep pace with the…

Article Coins

Explosive revelations in South African Bitcoin Brothers saga

by 'Femi Michael November 8, 2023

By Jan Vermeulen Raees and Ameer Cajee, the brothers who founded cryptocurrency investment scheme Africrypt, bought citizenship from the Pacific island nation of Vanuatu, an investigation by The Guardian has revealed. According to the report, the Cajee brothers are among more than 2,000 people who…

Coins Industry

The SA Reserve Bank has officially introduced upgraded banknotes and coins

by 'Femi Michael September 5, 2023

“The upgraded banknotes and coin have enhanced security features and new designs; however, the broad themes for the upgraded banknotes remain the same as the current banknotes, while the theme for the coin is deep ecology,” the SARB said.https://www.facebook.com/plugins/video.php?height=314&href=https%3A%2F%2Fwww.facebook.com%2FSaReserveBank%2Fvideos%2F715571570314897%2F&show_text=true&width=560&t=0 The SARB explained that…

Coins News

South African Mint launches Buffalo coin range to complete Big 5 Series II

by 'Femi Michael September 5, 2023

The South African Mint has officially launched a new coin range featuring the buffalo, providing a fitting culmination of the Big 5 Series II range. Series II coins, like Series I, are available in gold, platinum, and silver. "Series II made its…

Coins News

Cabo Beach Club to welcome Crypto and Blockchain Enthusiasts

by 'Femi Michael August 17, 2023

Cape Town, South Africa – 1 August 2023: On 24 November, attendees from around the world will gather at the luxurious Cabo Beach Club in Cape Town, South Africa, for the highly anticipated Crypto Fest 2023. Crypto Fest has earned its reputation…

News

South African Bitcoin Ponzi Scheme was drags by Brazil’s court

by 'Femi Michael August 16, 2023

A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to…

News

Mint launches Buffalo coin range in SA

by 'Femi Michael August 12, 2023

The South African Mint has announced the final offering in the popular Big 5 Series II coin range, which features the Buffalo and is available in gold, platinum and silver. Series II mirrors the reverse design of Series I, in that two…

News

VALR, South Africa’s Leading Crypto Exchange, Expands Trading Pairs

by Terry Kunle August 3, 2023

In a noteworthy update shared via their official Instagram page on August 1, 2023, VALR, the largest South African cryptocurrency exchange, has announced the addition of four new trading pairs to its platform. This strategic move aims to cater to the growing…