South Africa’s Central Bank Proposes Rules for Crypto Companies
Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.
Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.
South African insurance company Old Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency.
The Huobi Cloud network of crypto exchanges wants to facilitate $55 million in daily volume by 2020.
South Africa's VALR exchange is launching March 1, expanding bitcoin access across the continent.