South Africa Archives - Page 5 of 6

News

VALR experiences a 5x increase to become South Africa’s largest cryptocurrency exchange in 2020.

by Ridwan Ridwan August 1, 2023

To date in 2020, VALR, a South African cryptocurrency exchange, has recorded a 5-fold surge in crypto volumes, making it the country's biggest exchange by trading volume over the previous six months. Over 1,000 consumers joined the exchange on its first day…

Feature

Top Crypto Exchange Platforms in South Africa for 2023

by Terry Kunle July 20, 2023

As the popularity of cryptocurrencies continues to soar, South Africa has emerged as a significant player in the global crypto market. With a growing number of crypto enthusiasts, the demand for reliable and efficient exchange platforms has surged. In this comprehensive guide,…

Industry News

Africa’s largest bank wary of digital assets, wants to be a ‘fast follower’

by Crypto Oracle July 19, 2023

Standard Bank, Africa’s largest lender by assets, is wary of diving into digital assets but will be a fast follower once mainstream adoption kicks in, the bank’s CEO has revealed. The South African bank has been watching developments in the space but has yet…

uncategorized

Shiba Inu Among Top Most Popular Crypto in South Africa and Ivory Coast

by Crypto Oracle July 12, 2023

A fresh report from CoinGecko shows that Ivory Coast and South Africa are among the top African countries leading the global adoption of Shiba Inu (SHIB). Shiba Inu (SHIB), one of the top truly decentralized projects making waves in the crypto industry, continues to…

Industry News

Blockchain Regulations in South Africa: What you need to know

by Crypto Oracle July 7, 2023

When it comes to crypto adoption in Africa, South Africa sits among the top list of nations that own crypto assets on the continent. With a banked population rate of 79%, Mobile Cellular subscription rate of 169% and over 41 million South…

News

To avoid “Enforcement Action,” South Africa warns all cryptocurrency exchanges to apply for licenses by November 2023.

by Ridwan Ridwan July 7, 2023

All bitcoin exchanges doing business in South Africa will need licenses by the end of 2023, according to the country's financial regulatory body. The commissioner of the Financial Sector Conduct Authority (FSCA), Unathi Kamlana, stated that since the organization's recent launch, about…

News

South Africa to Demand Crypto Firms be Licensed by Year-End

by Crypto Oracle July 4, 2023

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…

Bitcoin Coins

Reserve Bank talks ‘digital rand’ and crypto in South Africa

by Crypto Oracle July 3, 2023

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…

Industry

Which African nation is leading Crypto?

by Crypto Oracle June 28, 2023

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…

Industry

Cryptocurrency Trading in Africa: Strategies for Success in a Dynamic Market

by Crypto Oracle June 26, 2023

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…