关于「 south africa」的内容列表
A South African law enforcement agency has recently arrested a 35-year-old man on suspicion of using cryptocurrencies to finance terrorist activities. The investigation was launched in May 2018, when the Financial Intelligence Centre (FIC) and the Detection Unit received information regarding suspicious transactions suspected of being linked to terrorist financing. It is alleged that on November 30, 2017, the suspect made a...
Mzwanele Manyi, a member of the South African parliament, said: "Bitcoin is on the rise across the board and it will devalue gold, which is unstoppable."
The South African Financial Conduct Authority (FSCA) has announced that, although the West Gap Branch High Court has revoked the funds preservation order against the South African exchange Banxso (Pty) Ltd, Banxso's Financial Services Provider (FSP) license is still revoked, and the company cannot conduct financial services business, and its funds can only be used to relocate customers to other financial services providers authorized by the FSCA. The Banxso-related case is tentatively scheduled ...
South Africa's Financial Sector Conduct Authority (FSCA) on Wednesday suspended the financial services provider license of Banxso, a platform that offers cryptocurrency trading, citing concerns that its marketing practices promised customers unrealistic returns. It follows allegations that Banxso used depth fakes in its advertising campaigns and aggressive sales techniques to force customers to invest without proper threat and risk assessment.
The South African Revenue Service (SARS) has announced the inclusion of crypto assets in its compliance program. The Revenue Service is seeking information about crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers. SARS said recently that it felt compelled to take this step after noticing that taxpayers had failed to declare crypto assets and transactions in their tax returns. According to the statement, South African law requires SARS to account fo...
According to Bitcoin.com, South African crypto exchange Luno has partnered with Zapper to enable cryptocurrency payments at more than 31,000 merchants across the country. Some merchants include gas stations and pharmacies, the exchange said. Luno users can now trade online or at brick and mortar stores for up to $5,740 per transaction by scanning Zapper's QR code. Zapper CEO Mike Bryer said the partnership with Luno will add about 5 million South African users to Zapper's network.
On September 23rd, according to Cointelegraph, South Africa is rapidly becoming the digital asset hub of Africa. Ben Caselin, chief marketing officer of Johannesburg-based cryptocurrency exchange VALR, said that South Africa is becoming the gateway to the African market due to its good rule of law and independent judicial system. In April, the South African Financial Conduct Authority (FSCA) granted VALR a Crypto Asset Service Provider (CASP) license. According to Statista, South Africa's crypto...
South Africa was the first African country to license cryptocurrency exchanges. In 2021, the country explored a separate regulatory framework for cryptocurrencies and plans to implement it by 2022, with the goal of introducing final regulations that year. According to a report by Statista, the South African cryptocurrency market is expected to reach $246 million in revenue in 2024 with an annual growth rate (CAGR 2024-2028) of 7.86% and reach $332.90 million by 2028.
The South African government is stepping up its regulation of cryptocurrency trading. The tax authority (SARS) is issuing tax notices and clarifying relevant regulations, possibly using artificial intelligence (AI) to identify non-compliant traders. The South African Reserve Bank (SARB) has clarified its position on crypto asset purchases. According to SARB regulations, individuals can purchase crypto assets using a single discretionary quota or foreign exchange capital quota, but companies cann...
Decentralized cross-asset market Mesh.trade recently raised $1.64 million (30 million South African Rand) for South African reverse mortgage provider Water Financial. The financing involves the issuance of 30,000 Series A preference shares, paying interest equivalent to 87% of the main lending rate. Mesh.trade plans to issue more alternative and private capital assets to investors in the coming months.
South African hybrid trading platform Neonomad is launching Zarcoin, a stablecoin pegged to the South African rand. According to a report, the stablecoin will cater to unbanked and banked South Africans, leveraging Solana for instant payments and low-cost transactions.
The Financial Sector Conduct Authority (FSCA), the financial services industry regulator in South Africa, has issued 63 licenses to crypto asset service providers (CASPs). These approved licenses bring the total number of CASPs approved to provide services in South Africa to 138. In a statement released on July 2, the FSCA reported that it had received 383 applications from entities seeking to provide crypto-related services. Of these, five applications were rejected for not complying with the a...
The enforcement arm of South Africa's Financial Sector Conduct Authority (FSCA) has established a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under review. The FSCA aims to protect the public and maintain fairness in the industry by taking decisive action against illegal crypto businesses. The regulator will also publish its findings and issue warnings if unregistered crypto businesses are found. Ahead of classi...
12:00-21:00 Keywords: Uniswap, South Africa, Dubai 1. Uniswap front-end transaction fees have exceeded $43 million; 2. Proponents of a bipartisan bill in the U.S. House of Representatives hold different opinions on cryptocurrencies. 3. South African tax authorities scrutinize cryptocurrency traders amid uncertainty of compliance; 4. Mechanism Capital Lianchuang: Ethereum spot ETF will not promote the price of the currency to rise; 5. CoinStats CEO: All security measures are being taken to restor...
South African cryptocurrency traders have started receiving notifications from the South African Revenue Service (SARS) that their tax matters are under review. The tax authority is collecting information from various crypto asset exchanges to assess compliance. Traders who fail to provide the requested information may face criminal charges under the Tax Administration Act. The SARS may also investigate historical cases of undeclared ownership of cryptocurrencies. The SARS has not yet raised the...
