The African fintech ecosystem continues to expand, despite global economic challenges. As an investment segment, the fintech industry made up more than 25% of all venture capital rounds in the last few years, with South Africa joining other regional leaders, such as Egypt, Nigeria and Kenya. Out of the nine notable tech unicorns in […]
African Fintech Is Trending Read More »
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Original Article By: https://www.bizcommunity.com/Article/196/727/234740.html
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 »
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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/
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 »
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Original Article By: https://ventureburn.com/2022/03/south-africa-cryptocurrency-exchange-50m-series-b/
