South Africa Archives

Africa must regulate the digital asset industry, IMF says

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1 December, 2022

Africa must regulate the digital asset industry, IMF says

IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for...

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Business

Steve Kaaru

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30 November, 2022

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks...

South Africa declares digital assets to be financial products

Business

Steve Kaaru

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24 October, 2022

South Africa declares digital assets to be financial products

The Financial Sector Conduct Authority now classifies digital assets as digital representations of value built on DLT, the first step...

Travel Rule now applies to VASPs in South Africa, but Centbee has been ready for years

Interviews

Steve Kaaru

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1 September, 2022

Travel Rule now applies to VASPs in South Africa, but Centbee has been ready for years

The Travel Rule has focused on banks, but a recent amendment has broadened it to include VASPs, and as Centbee...

South African Reserve Bank promotes digital assets-friendly behavior from financial institutions

Business

Wahid Pessarlay

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24 August, 2022

South African Reserve Bank promotes digital assets-friendly behavior from financial institutions

The Prudential Authority, the arm of the SARB that oversees financial institutions, urges banks to adopt a risk assessment approach...

South Africa’s digital assets taxation regime poses challenges to investors, legal expert says

Business

Wahid Pessarlay

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13 August, 2022

South Africa’s digital assets taxation regime poses challenges to investors, legal expert says

The South African Revenue Service defines digital assets as all items stored on a distributed ledger on decentralized networks, including...

Monero’s Riccardo ‘Fluffypony’ Spagni released from custody in South Africa

Business

Steve Kaaru

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21 July, 2022

Monero’s Riccardo ‘Fluffypony’ Spagni released from custody in South Africa

The former Monero lead maintainer was extradited to South Africa from the U.S. earlier this month to face over 370...

Monero’s Riccardo Spagni to surrender to South African authorities

Business

Gavin Lucas

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1 July, 2022

Monero’s Riccardo Spagni to surrender to South African authorities

In June 2021, Riccardo Spagni was arrested by the U.S. authorities at the request of the South African government. He...

Monero’s Riccardo Spagni charged with 378 charges of fraud and forgery in South Africa

Business

Steve Kaaru

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10 June, 2022

Monero’s Riccardo Spagni charged with 378 charges of fraud and forgery in South Africa

The South African government issued an arrest warrant for the former Monero lead maintainer, who is accused of defrauding $100,000...

South Africa’s Sinan Energy launches carbon tokenization blockchain platform

Tech

Steve Kaaru

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19 May, 2022

South Africa’s Sinan Energy launches carbon tokenization blockchain platform

Sinan Energy is targeting 100MW of distributed generation in South Africa, with the funding for the project coming from the...

South Africa completes second phase of wholesale CBDC trials

Business

Steve Kaaru

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16 April, 2022

South Africa completes second phase of wholesale CBDC trials

Project Khokha 2 involved the country’s top banks, which experimented on a wCBDC for interbank payments settlement, but SARB says...

Testing Centbee’s new features: Wallet’s functionalities offer convenient options to buy BSV

Business

Joshua Henslee

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9 February, 2022

Testing Centbee’s new features: Wallet’s functionalities offer convenient options to buy BSV

South African based Bitcoin SV wallet Centbee has released several new features over the past few months that have not...

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