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Updates on South Africa’s crypto market, regulation and licensing, payments innovation, mining, Web3 startups, and adoption trends.

Stories 10 in this category

Coverage footprint 0.0% of all CryptoSlate stories

A bright, photorealistic Cape Town boardroom scene shows a stack of Bitcoin under a glass dome beside a heavier scale of diversified assets, symbolizing caution against overexposure.

Crypto

South African asset management giant advises clients against over exposure to Bitcoin

The South African firm's warnings come despite its pro-crypto stance and crypto-focused products.

5 months ago

Exchanges

Binance introduces stricter compliance measures for South African users

Binance's April 30 compliance update necessitates detailed identity verification for crypto transfers in South Africa.

10 months ago

Regulation

South Africa advances financial inclusion with crypto and digital payment reforms

South Africa intends to legitimize crypto payments and make them an intrinsic part of the local economy over the coming years.

2 years ago

Crime

CFTC fines South African CEO $3.4B over Bitcoin MLM scheme

The case represents the CFTC's highest civil fine and largest Bitcoin fraud case.

3 years ago

Regulation

South African regulator mandates crypto ad risk warnings

South Africa's ARB has urged crypto ads providers to warn that investing in crypto assets may result in loss of capital.

3 years ago

Regulation

South Africa deems cryptocurrency a ‘financial product’

South Africa's financial regulator, The Financial Sector Conduct Authority (FSCA) defined crypto assets as a 'financial product' subject to the same regulatory oversight as company shares, debt and any money-making instrument.

3 years ago

Banking

South African central bank mulls digital rand to streamline cross-border payments

South African central bank's Deputy Governor Kuben Naidoo said a digital rand could reduce the cost of cross-border payments for banks.

4 years ago

Adoption

47% of South Africans own Bitcoin (BTC), holding $70 worth on average

47% of South Africans hold BTC, majority of them hold around $70 worth of the asset.

4 years ago

Regulation

South African Reserve Bank: Crypto Asset Friendly, but Bitcoin Is Not Money

7 years ago

South Africa Reserve Bank Wins Award for Blockchain Payments System

Adoption 7 years ago