DiutoCoinNews Markets

South Africa

Report Your Crypto Payments, South Africa Revenue Service Warns Businesses.

Share this:

Failure to declare payments from any form of cryptocurrency business can attract penalties upto to jail term according to South African Revenue Service SARS. All cryptocurrency transactions must be declared on tax returns, whether you bought any cryptocurrency, or exchanged…

FBI Jumps Into the Alleged South African Mirror Trading Crypto Scam in 2020

Share this:

The Federal Bureau of Investigation is joining investigators into one of the largest alleged crypto scams of 2020. Investigations into the notorious South African company Mirror Trading International (MTI) Bitcoin (BTC) Ponzi scheme — are now engaging the United States…

SARS Requests South Africa Exchanges for Client Data

Share this:

SARS Requests South Africa Exchanges for Client Data AltCoinTrader, VALR, and Luno have confirmed that the South African Revenue Service (SARS) has requested client data.  According to the crypto exchanges, the request is targeting certain customers. This request according to…

South Africa Government to regulate crypto trading Due to Increased Scam Activities 

Share this:

South African regulators are seeking to exercise more control over cryptocurrency trading, coming after the collapse of what was asserted to be the largest Ponzi scheme the country has ever seen.

Binance Opens Fiat Deposit and Withdrawal for South Africans

Share this:

Binance has launched a brand new fiat funding option for the Binance users in South Africa. The new fiat channel will act as both a fiat on- and off-ramp, allowing South Africans to deposit and withdraw funds to/from their Binance account using your local bank account.

South Africa’s Standard Bank Taps into Contour Letter of Credit Blockchain

Share this:

South Africa’s Standard Bank is moving into the Contour blockchain trade finance network via Letter of Credit Blockchain.

FSCA South Africa Warns Investors in Press Release Concerning the Activities of Mirror Trading International

Share this:

Financial Services Conduct Authority (FSCA) of South Africa have put out a Press Statement notifying investors of an on-going investigation of Mirror Trading International (MTI).  According to the FSCA release, “MTI is a trading platform that accepts clients’ funds in…

An Accused Crypto Fraudster, Willie Breedt Flees South Africa to Mozambique.

Share this:

The accused seven-figures crypto fraudster has fled from South Africa to Mozambique according to reports.

Africa Sets New All-Time High of N5.076 Billion Naira in Peer-to-Peer Bitcoin Trades With Nigeria Covering Over N3.631 Billion Naira.

Share this:

Just in, Africa sets a new All-Time high of N5.076 Billion Naira in peer-to-peer Bitcoin trades across 18 African countries with Nigeria covering over N3.631 Billion Naira.

Dash Partners With AnkerPay, South African Cryptocurrency ATM and PoS Provider, to Grow the Ecosystem in Sub Saharan Africa.

Share this:

Dash Partners With AnkerPay, South African Cryptocurrency ATM and PoS Provider, to Grow Ecosystem in Sub Saharan Africa.