South Africa

Riccardo ‘Fluffypony’ Spagni Hires Top Attorney to Battle Extradition to South Africa on Fraud Charges

Spagni has hired Brian Klein, a leading crypto trial attorney, to handle his case.

People  ·  3 August 2021

Further 8,000 MTI Bitcoin Traced as Firm Is Put Into Final Liquidation: Report

Liquidators will return to court in September to argue MTI should be declared a Ponzi scheme.

News  ·  5 July 2021
South Africa

Lawyers for Africrypt’s Missing Founders Say They’ve Been Fired: Report

The Cajee brothers are still missing, along with $3.6 billion in bitcoin.

News  ·  28 June 2021

Founders of South African Crypto Investment Firm – and $3.6B in Bitcoin – Are Missing

Africrypt investors were told not to inform police of the purported hack because it could slow the recovery of their funds.

News  ·  24 June 2021

South African Banks Block Crypto Trading on International Exchanges: Report

Customers of Johannesburg-based bank Absa received an error message when attempting to buy crypto on Binance.

News  ·  23 June 2021

South Africa’s Financial Watchdog to Bring Crypto Exchanges Into Regulatory Oversight

The Financial Sector Conduct Authority said it will start to regulate the crypto industry "in a phased and structured approach."

News  ·  11 June 2021

South Africa’s Central Bank Starts Research on Retail-Focused Digital Currency

The South African Reserve Bank said it will carry out trials on different technology platforms for the study.

Policy & regulation  ·  25 May 2021
South Africa

Plans Afoot in South Africa for Country’s First Bitcoin ETF

Crypto startup DCX Capital will apply to convert its crypto index fund EC10 into an ETF.

News  ·  16 April 2021
South Africa

South African Cryptocurrency Exchange iCE3 Goes Into Liquidation

The company told customers withdrawals from the platform have been disabled, and they will get further details Wednesday.

News  ·  7 April 2021

iCE3 Exchange Halts Bitcoin, Litecoin Withdrawals After ‘Discrepancies’ Found

The firm has urged users to withdraw holdings of other cryptocurrencies.

Markets  ·  18 March 2021

South Africa’s Regulatory Uncertainty Driving Away Crypto Startups: Report

A looming regulatory clampdown following a major Ponzi scheme's collapse is already prompting some exchanges to flee abroad.

Policy & regulation  ·  11 March 2021

South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.

Policy & regulation  ·  4 February 2021

South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse

“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.

Policy & regulation  ·  27 January 2021

Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers

Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade clients' bitcoin.

Policy & regulation  ·  15 January 2021
South Africa

Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

If implemented the declaration would require crypto firms in South Africa to register as financial services providers.

Business  ·  21 November 2020