South Africa’s Financial Sector Conduct Authority has warned the public to be cautious in dealing with Binance, the world’s largest cryptocurrency exchange.
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South Africa’s financial regulator says its hands are tied in the alleged $3.6-billion bitcoin fraud at Africrypt because cryptocurrency is not yet a regulated product there.
The Financial Sector Conduct Authority issued and withdrew a warning on South African cryptocurrency arbitrage company Ovex – all in the space of hours on Thursday.
The Financial Services Conduct Authority has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”, it said on Thursday.
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.
The Financial Sector Conduct Authority wants more power to prosecute perpetrators of fraud and oversee dealing in cryptocurrencies after the collapse of a bitcoin trader.
The investigation into a failed South African bitcoin trader is deepening as provisional liquidators appointed to seize control of Mirror Trading International seek to widen the scope of their inquiry.
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.
It’s been a long time coming, but it looks like the sheriff has finally arrived to the Wild West that is the crypto market in South Africa.