South Africa Proposes Stringent Crypto Controls
The National Treasury of South Africa has revealed a draft Capital Flow Management Regulations. The new regulations place cryptocurrencies under the capital control models. As…
Posts Tagged: South Africa
Wise Wins Conditional Approval to Operate in South Africa
Financial technology company Wise announced yesterday, December 1, that it has received conditional regulatory approval to launch in South Africa. This marks the firm’s first…
VALR Receives Approval To Offer Crypto Derivatives In South Africa
Crypto trading platform VALR has received two FSCA approvals in South Africa, allowing it to legally offer crypto derivatives for the first time. Experts see…
South Africans Embrace Crypto with Scan to Pay
In South Africa, a groundbreaking era of financial transactions is on the horizon. Scan to Pay, powered by Ukheshe, has joined forces with Xion Global…
South African CEO To Pay $3.4B After Running a $1.7B Fraudulent Scheme
A US federal court has ordered Cornelius Johannes Steynberg, a CEO in South Africa linked to retail forex and commodity pool fraud, to pay $3.4…
USD/ZAR Falls Amid Rally in Emerging Market Currencies, Easing South Africa Inflation
The South African rand broke below 15.00 against the US dollar in the middle of the week, driven by investors pouring into emerging market currencies….
USD/ZAR Falls Amid Higher Inflation, Bearish Outlook on Deadly Riots
The South African rand has is trying turn things around in the middle of the trading week after notable hemorrhaging over the last month amid…
USD/ZAR Breaks Below 15.00 on Investor Confidence for EM Currencies
The South African rand strengthened against its US peer on Thursday as investor appetite for riskier assets intensified. The rand, which has surged over the…