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South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list…

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South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets

Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses…

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Crypto Complaints Have Increased Significantly Says South Africa Financial Sector Ombud

Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during…

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Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022

In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator,…

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South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country

A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement,…

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Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion

A slew of late court filings by lawyers representing Mirror Trading International (MTI) investors has forced a South African judge to postpone the hearing of the liquidators’ application to have…

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After Warnings from South African Regulators Binance Rejects Accusations It Provides Financial Advice

Beleaguered crypto exchange, Binance, has released a statement in which it denies accusations that provides financial advice or renders any intermediary services. In a statement released on Twitter less than…

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