South Africa

South Africa’s Real Estate Market Enters the Crypto Era

South Africa / Leave a Comment

    Digital currencies are redefining financial transactions, as South Africa leaps into the future by allowing property purchases with cryptocurrencies like Bitcoin.  This innovative approach not only bridges the gap between traditional real estate and modern FinTech, but also showcases South Africa’s progressive stance on digital finance.   A New Chapter in Property Investment […]

South Africa’s Real Estate Market Enters the Crypto Era Read More »

Photo Credit: Adobe Stock

Blockchain Africa Conference 2024: Celebrating a Decade of Innovation

Blockchain, South Africa / Leave a Comment

  Get ready to dive into the future of digital innovation at the Blockchain Africa Conference 2024! Celebrating a decade of ground-breaking advancements, this year’s edition is set to make waves as it marks its 10th anniversary on November 20, 2024,  at the CSIR International Convention Centre in Pretoria (Tshwane), South Africa. This milestone event

Blockchain Africa Conference 2024: Celebrating a Decade of Innovation Read More »

Photo Credit: Adobe Stock

South African SARS AI Crypto Tax Crackdown: A New Era of Compliance

Regulation, South Africa / Leave a Comment

The South African Revenue Service (SARS) has significantly ramped up its efforts to ensure tax compliance within the burgeoning cryptocurrency sector.  Leveraging advanced Artificial Intelligence (AI) technologies, SARS aims to identify and penalize non-compliant crypto traders, marking a pivotal shift in the nation’s approach to digital asset regulation. The Rise of AI in Tax Enforcement

South African SARS AI Crypto Tax Crackdown: A New Era of Compliance Read More »

Photo Credit: Adobe Stock

Rising Demand for Cryptocurrency Understanding and Security Among South Africans

Country News, South Africa / Leave a Comment

A recent research survey by DoshFX, a centralised South African crypto exchange, reveals a significant demand for improved understanding and enhanced security in the cryptocurrency sector among South Africans. The survey, conducted across various demographics, sheds light on the key barriers and perceptions that influence cryptocurrency adoption in the country. The findings highlight that despite

Rising Demand for Cryptocurrency Understanding and Security Among South Africans Read More »

Photo Credit: Adobe Stock

Original Article By: https://www.cbn.co.za/industry-news/business-advisory-financial-services/rising-demand-for-cryptocurrency-understanding-and-security-among-south-africans/

How Licensing Will Change Crypto In South Africa

Country News, South Africa / Leave a Comment

South Africa’s Financial Services Conduct Authority (FSCA) has indicated that the first 59 licences are almost ready to be awarded, which would grant these companies the right to operate as crypto assets financial services providers. About 262 applications are in progress. Crypto assets were declared as financial products in terms of the Financial Advisory and

How Licensing Will Change Crypto In South Africa Read More »

Photo Credit: Adobe Stock

Original Article By: https://iafrica.com/how-licensing-will-change-crypto-in-sa/

South Africa Is Ranked Among The Top Crypto Countries Worldwide – Here’s How We Compare

Country News, South Africa / Leave a Comment

CoinJournal conducted a global study intending to highlight the world’s most successful crypto countries, ranking South Africa 10th overall. The study ranked the countries based on their number of crypto startups, investment companies involved in crypto, estimated realised gains, and the number of crypto owners from the latest data available as of November 2022. Cryptocurrency

South Africa Is Ranked Among The Top Crypto Countries Worldwide – Here’s How We Compare Read More »

Photo Credit: Adobe Stock

Original Article By: https://businesstech.co.za/news/finance/660751/south-africa-is-ranked-among-the-top-crypto-countries-worldwide-heres-how-we-compare/

Bitcoin Use Is Growing In South Africa

Country News, South Africa / Leave a Comment

Over the last few years, cryptocurrency usage has skyrocketed in South Africa, with reports suggesting that around four million South Africans own digital currencies. These reports state that Bitcoin is the most popular cryptocurrency in the country, which isn’t surprising: Bitcoin is the most popular virtual currency globally, with over 190 million users. Other examples

Bitcoin Use Is Growing In South Africa Read More »

Photo Credit: Adobe Stock

Original Article By: https://www.2oceansvibe.com/2023/02/20/bitcoin-use-is-growing-in-south-africa/

South African Ombud to Investigate Crypto Complaints

South Africa / Leave a Comment

FAIS Ombud Announces Commitment to Resolve Complaints in a “Procedurally Fair, Informal, Economical and Expeditious Manner” The South African Office of the Ombud of Financial Services Providers (FAIS) has announced that it can now investigate complaints against providers of crypto assets, as well as existing registered Financial Service Providers who offer advice on Cryptocurrency. There

South African Ombud to Investigate Crypto Complaints Read More »

Photo Credit: Adobe Stock

South African Solar Power Company Pays Investors in Crypto

Country News, South Africa / Leave a Comment

  Sun Exchange crowdfunds the installation of panels on schools and farms. When Abraham Cambridge flew to South Africa in 2014, he was struck by how few solar panels he saw in a sunny country with unreliable electricity. Soon after, he started the Sun Exchange Inc., a company that crowdfunds the installation of panels, eliminating the need for customers

South African Solar Power Company Pays Investors in Crypto Read More »

Photo Credit: Adobe Stock

Original Article By: https://www.bloomberg.com/news/features/2022-11-05/south-african-solar-power-company-pays-investors-in-crypto/

South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report

Country News, South Africa / Leave a Comment

  The retailer is taking payments from any Lightning Network-enabled wallet. Pick n Pay, which is one of South Africa’s largest supermarket chains, is now allowing customers to pay with bitcoin (BTC) using any Lightning Network-enabled app, according to South Africa’s The Times. The payment method was tested in 10 stores over the past five months

South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report Read More »

Photo Credit: Adobe Stock

Original Article By: https://www.coindesk.com/business/2022/11/01/south-african-supermarket-giant-pick-n-pay-now-accepts-bitcoin-payments-report/

10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women?

Country News, South Africa / Leave a Comment

  Cryptocurrency adoption in South Africa has held steady over the past several months, according to the latest data from Finder.com.   Ten percent of South African internet users aged 18+ currently own cryptocurrency. It should be noted that this figure or percentage is down from 11% late last year. Men are much more likely

10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women? Read More »

Photo Credit: Adobe Stock

Big Changes Coming For How Cryptocurrencies Are Regulated In South Africa

Country News, South Africa / Leave a Comment

    The Financial Sector Conduct Authority (FSCA), which works in collaboration with the South African Reserve Bank (SARB), recently announced that it is establishing a new regulatory framework for cryptocurrencies in South Africa. Both the FSCA and the SARB have been vocal about declaring cryptocurrencies as financial products, and the Prudential Authority division at

Big Changes Coming For How Cryptocurrencies Are Regulated In South Africa Read More »

Photo Credit: Adobe Stock

Original Article By: https://businesstech.co.za/news/finance/619791/big-changes-coming-for-how-cryptocurrencies-are-regulated-in-south-africa/

World’s Largest Crypto Exchange, Binance, Hires Finance Executive To Lead Operations In South Africa.

Exchange, South Africa / Leave a Comment

    Binance, the world’s leading crypto and blockchain infrastructure provider, has announced the appointment of Hannes Wessels as the Country Head of South Africa to drive its business operations in the region. Hannes brings with him over 10 years of experience in the finance sector and is the previous Head of Global Banking for South

World’s Largest Crypto Exchange, Binance, Hires Finance Executive To Lead Operations In South Africa. Read More »

Photo Credit: Adobe Stock

Original Article By: https://techfinancials.co.za/2022/08/15/worlds-largest-crypto-exchange-binance-hires-finance-executive-to-lead-operations-in-south-africa/

Imminent Crypto Regulation in South Africa – Are You Ready?

South Africa / Leave a Comment

  A long period of silence on cryptocurrency regulation in South Africa has finally been broken. South African Reserve Bank (“SARB”) deputy governor, Kuben Naidoo, has now confirmed that new regulations are set to be implemented within the next 12 – 18 months. This development will see South Africa following suit with other countries, such

Imminent Crypto Regulation in South Africa – Are You Ready? Read More »

Photo Credit: Adobe Stock

Original Article By: https://www.msn.com/en-za/news/other/imminent-crypto-regulation-in-south-africa-are-you-ready/ar-AAZD1WZ

South African Cryptocurrency Exchange Raises $50M In Oversubscribed Series B

Country News, South Africa / Leave a Comment

  VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company at $240 million (R3.7 billion).   VALR’s oversubscribed Series B equity funding round was led by Pantera Capital with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global,

South African Cryptocurrency Exchange Raises $50M In Oversubscribed Series B Read More »

Photo Credit: Adobe Stock

Original Article By: https://ventureburn.com/2022/03/south-africa-cryptocurrency-exchange-50m-series-b/

Subscribe
Subscribe