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South Africa’s Africrypt $3.6 Billion Bitcoin Saga Continues, to Testify in Court Via Virtual.

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Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in a judicial inquiry that seeks to determine the fate of the collapsed crypto investment platform. According to an Itweb report, the Cajee…

South African Crypto Exchange Sets New Withdrawal Limits, Claims Restrictions : a Deterrent for Illicit Actors

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One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the…

Binance Is Not Authorized To Operate In South Africa, Regulator Warns.

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Financial Sector Conduct Authority (FSCA) of South Africa warns South African users in a statement issued on Friday to be cautious when using Binance, noting that the global cryptocurrency exchange company is illegally operating in it’s jurisdiction. The South African…

In South Africa, Property Firm Receives Rents In Crypto.

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A property company in South Africa, is piloting rent deposit payments in crypto for a new residential property up in Johannesburg. The company, which owns and manages a broad range of commercial and residential properties, has tenants who are typically…

15% of South African Adults Own Cryptocurrency, Finder Survey Reveals

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Last year, a report emerged from Chainalysis, an on-chain analytics firm that crypto adoption was spreading through Africa. The report also noted that Africa had the smallest crypto economy among all the regions surveyed. As of time the report was…