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South Africa
South Africa’s Crypto Firms Will Soon Need to Apply for Registration or Face a Heavy Fine
Continuing operations without applying for registration in the designated time period could lead to a $510,000 fine or imprisonment, the government has said.
South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case
The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.
CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles
The partnership between the CoinDesk subsidiary and crypto exchange will see the release of "Luno Large Cap Bundle," helping customers manage and maintain different investment strategies.
South African Self-Regulatory Body Mandates Risk Warnings in Crypto Ads
Under the industry’s self-regulation code, advertisements must clearly warn users of investment risk and social media influencers shouldn’t offer trading advice.
Crypto Adoption and Opportunities in South Africa
Standard Bank Group Head of the Blockchain Centre of Excellence Ian Putter discusses crypto adoption inside South Africa, particularly after the fall of FTX.
Blockchain Adoption in South Africa Moving Rapidly, Standard Bank Group's Putter Says
Standard Bank Group Head of the Blockchain Centre of Excellence Ian Putter discusses his outlook for digital assets and blockchain technology in traditional banking. Plus, insights on crypto adoption in South Africa.
How Machankura Allows Bitcoin Transactions Without an Internet Connection
Bitcoiners in African countries, including Nigeria, South Africa, Kenya and Ghana, can now send and receive bitcoin (BTC) without a smartphone or Internet connection. Machankura catalyst Kgothatso Ngako discusses how the digital wallet startup is making it happen by tapping into the Bitcoin Lightning network. Plus, insights on bitcoin adoption in Africa.
South Africa Adds Crypto Businesses to List of Accountable Institutions
Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients.
Galaxy Digital to Cut 20% of its Workforce; Core Scientific Reportedly in Talks With Lawyers
Michael Novogratz-led crypto-focused financial services firm Galaxy Digital plans to cut at least 20% of its global workforce. Convertible bond holders of BTC miner Core Scientific are in talks with restructuring attorneys at Paul Hastings. South Africa's leading supermarket chain Pick n Pay is now allowing BTC payments via Lightning Network-enabled apps. A poll from Grayscale reveals fears over inflation have translated to a growing interest in crypto for a quarter of voters surveyed.
South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report
The retailer is taking payments from any Lightning Network-enabled wallet.
