Tag: cryptocurrency
Crypto currency is still not allowed in pension funds, but what does the change...
During a recent media briefing the Financial Sector Conduct Authority (FSCA) through the Financial Advisory and Intermediary Services Act (FAIS), officially declared cryptocurrency as a financial product. The regulatory body has...
Pick n Pay moves to add cryptocurrency payment in stores
Latest in-store pilot shows cryptocurrency payment can be widely adopted
Pick n Pay is leading the way in local retail by making transactions via cryptocurrency more accessible to millions. This follows the...
How a website can accept Bitcoin payments
Most people describe Bitcoin as one of the most secure payment systems, rapidly transforming how people do business today.
It enables users to transfer funds or receive payments worldwide without revealing any...
Here’s what South Africans think about cryptocurrencies
Controversies around cryptocurrencies have delayed their adoption as mainstream means of payments. South Africans, however, seem to be positive about them according to a recent sentiment survey conducted by Luno, SA’s...
The future of Fintech
Far from the panic of Y2k and the limited capabilities of the Nokia 3310, consumers in 2020 have a world of financial services accessible on their smartphones. With an 82% Fintech...
Cryptocurrency crime surges, losses hit $4.4bn by end-September
Cryptocurrency theft has surged in 2019 compared with last year, with more money flowing through digital exchanges and criminals looking to carry out bigger heists, according to a report from blockchain...
FNB to shut down cryptocurrency platforms’ bank accounts
First National Bank provided more insight on Wednesday into why it has given notice to cryptocurrency trading platforms in South Africa that it will shut their bank accounts.
Affected currency exchanges include VALR.com...
Third-biggest cryptocurrency plummets despite rally for other major coins
Amid the astonishing recovery this year by most of the world’s biggest cryptocurrencies, one stands out.
The token known as XRP has tumbled about 20%, while eight of the other 10 biggest...
Facebook just announced plans for its cryptocurrency…
Facebook unveiled its plans for its cryptocurrency, Libra. Facebook has said that Libra will be backed by stable government-backed currency and will be run by a nonprofit. The move comes at...
South Africa’s new cryptocurrency changes explained
At the beginning of January, the South African Reserve Bank (SARB) released a new consultation paper focusing on crypto assets in the country.
Whilst the SARB’s consultation paper does not (at this stage) intend...
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