Regulation

African Women Studying Tax And Bitcoin

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 […]

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Bank of Ghana: New Proposed Crypto Regulations

Ghana, Regulation / Leave a Comment

    The Bank of Ghana has unveiled draft rules for cryptocurrency exchanges to enhance security and compliance in the growing market, marking a crucial step in Ghana’s efforts to establish a structured regulatory framework for digital assets. Proposed Regulations The Bank of Ghana’s proposed regulations aim to govern the activities of digital asset exchanges,

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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

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

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

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Nigeria Latest Country to Create Regulatory Framework for Stablecoins

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  The central bank of Nigeria has released a report to examine the development of a regulatory framework for the potential use of stablecoins. The report also focuses on the national CBDC, eNaira, and Initial Coin Offerings (ICOs).   The Central Bank of Nigeria (CBN) has released the “Nigeria Payments System Vision 2025” report, which examined

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Original Article By: https://ambcrypto.com/nigeria-latest-country-to-create-regulatory-framework-for-stablecoins-details-inside/

How Morocco’s Protective Crypto Bill Can Influence Other North-African Nations

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  As crypto adoption continues to soar worldwide, Morocco is set to become one of the nations with a bill regulating cryptocurrency use. Morocco’s central bank, Bank Al-Maghrib (BAM), was reported in March 2022 to be in a serious dialogue with the International Monetary Fund (IMF) and the World Bank (WB) alongside other European central

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Original Article By: https://technext.ng/2023/01/04/morocco-central-bank-governor-announces/

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

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

Binance Says It Is Winning Crypto Clients Thanks To Inflation

Adoption, Binance / Leave a Comment

  LIMA August 10 – Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers. “Now that we are seeing inflation ramping up worldwide, we are seeing that more

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Original Article By: https://www.reuters.com/technology/binance-says-it-is-winning-crypto-clients-thanks-inflation-2022-08-10/

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

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

Morocco To Bring Cryptocurrency Regulation Soon

Country News, Morocco / Leave a Comment

  Morocco will soon join the list of countries that have introduced a regulatory system to manage the cryptocurrency being circulated in the country. The Central Bank of Morocco, Bank Al-Maghrib (BAM) is working on the design of the crypto regulation bill with consultation from a global financial institution.   What’s the Need for a

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Original Article By: https://insidebitcoins.com/news/morocco-to-bring-cryptocurrency-regulation-soon

Namibia’s Central Bank Plans to Introduce Digital Currency

Country News, Namibia / Leave a Comment

    Namibia’s central bank has announced intentions to launch its central bank digital currency (CBDC) following a release of the bank’s FinTech regulatory framework amid the global rise and increasing adoption of cryptocurrencies. “We cannot ignore CBDC, it is a reality out there and for that reason, the Bank of Namibia has started researching

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Original Article By: https://namibiadailynews.info/namibias-central-bank-plans-to-introduce-digital-currency/

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