Browsing the "South Africa" Tag

South Africa, SA

Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

| Daniel Kuhn

South African insurance company Old Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.

Johannesburg, South Africa

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

| Leigh Cuen

The Huobi Cloud network of crypto exchanges wants to facilitate $55 million in daily volume by 2020.

Bittrex Leads $1.5 Million Round for South African Crypto Exchange VALR

| Leigh Cuen

South Africa's VALR exchange is launching March 1, expanding bitcoin access across the continent.

South Africa’s Central Bank Proposes Rules for Crypto Companies

| Yogita Khatri

Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.

BRICS Bank Consortium to Research Blockchain Applications

| Nikhilesh De

BRICS nations' state-owned development banks plan to research blockchain technology for international transactions and other products.

South Africa’s Central Bank Claims Success in Blockchain Payment Trial

| Wolfie Zhao

South Africa Reserve Bank indicates that tests of a blockchain-based system for interbank clearance and settlement produced astonishing results.

Normal Tax Rules Apply to Crypto Income, Says South Africa

| Wolfie Zhao

The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.

$50 Million Gone? South African Police Probe Suspected Bitcoin Ponzi

| Nikhilesh De

As much as $50 million may have been lost by an international group of investors after putting their money into a bitcoin investment group.

South Africa’s Central Bank Eyes JPMorgan Blockchain Tech

| Wolfie Zhao

South Africa's central bank has launched a program that will trial JPMorgan's Quorum blockchain for interbank clearing and settlement.

Pick n Pay Double Take? The Supermarket Chain Isn’t Accepting Bitcoin, It Tested It

| Rachel Rose O'Leary

South Africa's second-largest supermarket chain tested bitcoin payments earlier this year, but is thus far declining to roll out a broader option.