South Africa’s Financial Watchdog to Bring Crypto Exchanges Into Regulatory Oversight
The Financial Sector Conduct Authority said it will start to regulate the crypto industry "in a phased and structured approach."
A regulatory structure should be in place in three to six months.
The Cajee brothers are still missing, along with $3.6 billion in bitcoin.
Liquidators will return to court in September to argue MTI should be declared a Ponzi scheme.
Africrypt investors were told not to inform police of the purported hack because it could slow the recovery of their funds.
Customers of Johannesburg-based bank Absa received an error message when attempting to buy crypto on Binance.