Updates on South Africa’s crypto market, regulation and licensing, payments innovation, mining, Web3 startups, and adoption trends.
The South African firm's warnings come despite its pro-crypto stance and crypto-focused products.
Assad Jafri 2 min read 
Binance's April 30 compliance update necessitates detailed identity verification for crypto transfers in South Africa.
South Africa intends to legitimize crypto payments and make them an intrinsic part of the local economy over the coming years.
The case represents the CFTC's highest civil fine and largest Bitcoin fraud case.
South Africa's ARB has urged crypto ads providers to warn that investing in crypto assets may result in loss of capital.
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.
South African central bank's Deputy Governor Kuben Naidoo said a digital rand could reduce the cost of cross-border payments for banks.
47% of South Africans hold BTC, majority of them hold around $70 worth of the asset.
South Africa’s reserve bank released a consultation paper that includes favorable recommendations and guidelines for the crypto asset industry…
