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South Africa
From Smuggling Gold Out of Africa to Bridging Bitcoin and Cardano
A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age.
AgriDex Settles First Agricultural Trade on Solana Blockchain
AgriDex "settled the transactions almost instantly, charging only 0.15% to each side of the trade" while in traditional systems "fees can be several percentage points per trade."
SEC's Crypto Enforcer Quits; Drake Could Lose $1M in Bitcoin From NHL and NBA Bets
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, U.S. SEC’s crypto enforcer David Hirsch leaving the organization. Plus, South Africa re-elects Cyril Ramaphosa as President and Drake could lose $1 million worth of crypto from his bets on the Edmonton Oilers and Dallas Mavericks.
South Africa Re-Elects Cyril Ramaphosa of the ANC as President
The election results are not expected to have much of an impact on South Africa's crypto industry.
Crypto Exchange VALR Obtains South African License
The Pantera-backed crypto exchange is among the first to receive regulatory approval in South Africa, alongside Luno and Zignaly.
South Africa Starts Issuing Crypto Licenses With Luno, Zignaly Among First Recipients
Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
South Africa Is Poised to License 60 Crypto Firms by Month End: Bloomberg
Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
For some time now, the BRICS grouping has been making efforts to reduce its reliance on U.S. dollars in settlement.
Bitcoin-Focused Payments App Strike Rolls Out Services to Africa
"Many countries on the continent are grappling with high inflation rates and devaluing currencies, making it challenging for people to save and build wealth," the firm said in a blog post.
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
The Intergovernmental Fintech Working Group is also considering the effect of tokenization on domestic markets.