South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator.
The Financial Sector Conduct Authority has received about 20 applications since opening for licenses a few weeks…
Regulators have made positive strides in bringing crypto-assets within the regulatory perimeter, says the South African Reserve Bank (SARB).
This comes as the central bank continues its investigation and stress testing of distributed ledger technology (DLT) in financial markets. DLT is a…
As a continent with 54 countries, there is natural interest to see which country will have the most cryptocurrency users per population and become the crypto King
For this discussion, a crypto King is a country which positions itself as a primary…
Cryptocurrency trading has gained significant traction in Africa as more individuals recognize the potential for financial growth and investment opportunities in the dynamic digital asset market. However, navigating this rapidly evolving landscape requires a strategic approach to maximize potential returns while managing…
Cryptocurrency adoption in Africa has been gaining momentum, with an increasing number of individuals, businesses, and governments recognizing the potential benefits of digital money. As the continent faces various economic challenges, cryptocurrencies offer a promising alternative that can revolutionize financial systems, foster…
According to recent financial data, BRICS has surpassed the G7, which currently contributes 30.7% of the global GDP, as the largest group of countries in terms of gross domestic product (GDP). Brazil, Russia, India, China, and South Africa are together known as…
Binance, the largest crypto exchange in the world, continues to face a series of challenges and legal scrutiny. Following a lawsuit in the United States and being denied a license in the Netherlands, the exchange is now under investigation by French authorities.
According to…
In 2022, South Africa’s Financial Sector Conduct Authority established that cryptocurrency financial companies in South Africa would need to apply for a license between June 1 and November 20, 2023.
The license allows these crypto firms to operate legally within the framework…
In an interview with Luno's General Manager for Africa, Marius Reitz discussed the company's mission to bring cryptocurrencies to more people around the world. Reitz also reportedly highlighted the benefits of digital asset investing, including the potential for high returns and diversification.…
Gridless Mining, a blockchain mining company, is expanding its low-cost energy offerings in Africa. The company has developed a patented technology that uses renewable energy sources, such as solar power, to mine cryptocurrencies. According to reports, Gridless Mining has partnered with a…