South Africa will license about 60 cryptocurrency platforms by the end of the month.
Browsing: Financial Sector Conduct Authority
Nearly 10% of South Africa’s population owns crypto assets, with the figure expected to explode to 43% by 2030.
The South African Reserve Bank is set to bring cryptocurrencies into the regulatory oversight of the Financial Sector Conduct Authority.
A Financial Sector Conduct Authority health warning on cryptos comes amid a flood of complaints from investors who lost money or were scammed, says head of enforcement at the regulatory body, Brandon Topham.
Huge Group CEO James Herbst on Tuesday rubbished a claim that the company used its share buyback programme to manipulate its share price higher ahead of its bid to acquire Adapt IT.
An Absa employee accused of leaking some of the bank’s South African customer data to third parties provided the information, which included credit card numbers, to several third parties in return for payment.
The South African Reserve Bank and industry regulators have warned the public not to use instant electronic funds transfer online payment services as a payment option.
A group called Anonymous ZA has dumped what it claims to be the entire transaction history of Mirror Trading International, which has been accused of being a Ponzi scheme – a claim denied by the company’s management.