Cryptocurrencies
South Africa moving ‘quickly’ to tighten cryptocurrency regulation
South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams.
Browsing: Luno
Cryptocurrencies
Bitcoin appears to have found a floor at $30 000
Bitcoin pushed higher Monday as proponents took encouragement at its failure to breach the closely watched $30 000 support level over the weekend.
Cryptocurrencies
The long arm of Sars will reach crypto investors
The only reasonable course of action is to be proactive, and those taxpayers who are at risk of being “found out” should take the cue and rectify their affairs before it is too late. By Thomas Lobban.
Cryptocurrencies
Sars seeks customer information from local crypto exchanges
South Africa’s three largest cryptocurrency exchanges say they have been approached by the South African Revenue Service as part of a tax risk assessment exercise on residents.
Cryptocurrencies
Stick with credible operators, say crypto providers after FSCA warning
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.
Cryptocurrencies
SA crypto firms eye offshore moves amid regulatory inertia
As major financial hubs like Singapore redraw legislation to lure crypto firms, South Africa’s burgeoning exchanges say they are having to move headquarters abroad due to uncertainty over potential government regulation.
Cryptocurrencies
Bitcoin seen topping $50 000 as it vies with gold
Bitcoin’s price could exceed $50 000 over the longer term as the digital asset vies with gold for investment flows, according to cryptocurrency exchange Luno and brokerage OSL.
Cryptocurrencies
South Africa gets another bitcoin exchange, Cape Crypto
As bitcoin begins testing levels last seen at the peak of the end-of-2017 bubble, South Africa has yet another cryptocurrency exchange in an increasingly crowded market.
Cryptocurrencies
Luno launches savings wallet, offering interest on bitcoin
Cryptocurrency exchange Luno, previously backed by Naspers but now owned by Digital Currency Group, has launched a savings wallet, offering customers interest of up to 4%/year on their bitcoin holdings.
Cryptocurrencies
Inside Luno’s big exit to DCG
Having built a customer base of five million in more than 40 countries since launching in Cape Town in 2013, Luno came to dominate the cryptocurrency market in South Africa and other countries.