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Crypto exchange Luno is reducing its global workforce by 20%, though the exact number of impacted employees—including those in South Africa—has not been disclosed. Second Wave of Layoffs Cryptocurrency exchange…
Luno has formally challenged South Africa’s proposed capital flow regulations, which aim to place digital assets under a modernized exchange control regime. Strict Enforcement and Steep Penalties Cryptocurrency exchange Luno…
South African mayor recently joined the metro police in a targeted night operation to impound luxury vehicles driven by self-proclaimed cryptocurrency and forex “traders” operating with fake or missing registrations.…
The South African Revenue Service (SARS) has published its guidance on the taxation of crypto assets to standardize compliance for an estimated 6 million local users. SARS Targets Six Million…
The Canadian musician Aubrey Drake Graham, better known as Drake, placed a sizeable crypto wager on a World Cup match. Unlike many previous occasions, though, this time he cashed out…
The South African Reserve Bank has decided to pause the immediate implementation of a digital rand despite successfully testing its technical feasibility. Digital Rand Trials Reveal Privacy and Speed Tradeoffs…
Luno CEO James Lanigan warned that South Africa’s proposed Capital Flow Management Regulations could severely harm the country’s economic competitiveness by restricting stablecoin use. Lanigan Warns of Competitiveness Risk South…
A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation,…
South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Crypto Still Excluded From Legal Tender Status South African regulators have reiterated that cryptocurrencies and stablecoins…
A South African economist warns that the National Treasury’s proposed crypto regulations are an unenforceable attempt at state control that will ultimately backfire. The Push Toward Decentralized Tech South Africa’s…