South Africa Proposes Strict Crypto Regulatory Framework
South Africa’s financial regulators recommended that cryptocurrency be used for domestic payment purposes, but that it not be treated as legal tender or allowed as a settlement tool.
FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation.
BitMEX owner 100x said investing in VALR’s Series A would bring exposure to the fast-growing South African market.
If implemented, the declaration would require crypto firms in South Africa to register as financial services providers.
The CEO of cryptocurrency investment firm VaultAge Solutions has forced into bankruptcy while on the run from angry investors.
A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies.