South Africa


Policy

South Africa Classifies Crypto Assets as Financial Products

The move brings digital assets more under the purview of the country’s regulators.

South Africa is classifying crypto assets as financial products. (Shutterstock)

Finance

South African Non-Profit Bitcoin Ekasi Opens Education Center

The center will educate residents of Mossel Bay on bitcoin, finance and other subjects.

The new Bitcoin Ekasi Center has launched in South Africa. (Bitcoin Ekasi)

Policy

South Africa's Central Bank Greenlights Financial Institutions to Serve Crypto Clients

The bank warned against the "wholesale" banning of customers who have digital assets.

South African banks are allowed to handle crypto funds, the country's bank said. (peng song/Getty Images)

Policy

South African Central Bank to Look at Regulating Crypto

The country may also issue a central bank digital currency.

Kuben Naidoo, a deputy governor of the South African Reserve Bank (Horacio Villalobos/Corbis)

Videos

CFTC Charges Mirror Trading International With $1.7B Fraud

In one of the biggest scams in bitcoin’s history, the Commodity Futures Trading Commission has charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud. CoinDesk’s Danny Nelson dives into the details of this case, touching on the timing of the charges and possible restitution for its victims.

Recent Videos

Policy

Monero’s Ricardo ‘Fluffypony’ Spagni to Surrender to US Marshals on July 5

The former privacy coin maintainer faces extradition to South Africa where he faces fraud charges.

Riccardo Spagni (CoinDesk archives)

Policy

CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B Fraud

MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.

(Mark Van Scyoc/Shutterstock)

Policy

Cross-Border CBDC Payments Are 'Viable,' Says Report From Central Banks of Australia, Malaysia, Singapore and South Africa

The four central banks are working on a project that will develop and test shared platforms for international settlements with multiple CBDCs.

(Getty Images)

Finance

Circle Launches ‘Digital Financial Literacy’ Module for Students at Bowie State and Rhodes Universities

The module will be available to students in Maryland and South Africa in the coming months.

Cape Town, South Africa

Policy

South African Regulator Issues Warning on FTX, Bybit

The Financial Sector Conduct Authority said the crypto exchanges are not authorized to trade in derivatives.

Cape Town, South Africa

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