South Africa

CFTC Charges Mirror Trading International With $1.7B Fraud

In one of the biggest scams in bitcoin’s history, the Commodity Futures Trading Commission has charged South Africa-based bitcoin pool operator Mirror Trading International wi...

By CoinDesk Staff

Jun 30, 2022 at 8:57 p.m. UTC

Jun 30, 2022

Bitcoincdtvaab clipcrypto scamsSouth AfricaMirror Trading International

Policy

Monero

Monero’s Ricardo ‘Fluffypony’ Spagni to Surrender to US Marshals on July 5

The former privacy coin maintainer faces extradition to South Africa where he faces fraud charges.

By Danny Nelson

Jun 30, 2022 at 5:32 p.m. UTC

Jun 30, 2022

MoneroFluffyponySouth Africa

Policy

Cftc

CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B Fraud

MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.

By Danny Nelson

Jun 30, 2022 at 4:55 p.m. UTC

Jun 30, 2022

CFTCFraudCrimeBitcoinSouth Africa

Policy

Cbdc

Cross-Border CBDC Payments Are 'Viable,' Says Report From Central Banks of Australia, Malaysia, Singapore and South Africa

The four central banks are working on a project that will develop and test shared platforms for international settlements with multiple CBDCs.

By Jack Schickler

Mar 22, 2022 at 10:39 a.m. UTC

Mar 22, 2022

CBDCBISSingaporeAustraliaMalaysiaSouth Africa

Finance

Universities

Circle Launches ‘Digital Financial Literacy’ Module for Students at Bowie State and Rhodes Universities

The module will be available to students in Maryland and South Africa in the coming months.

By Tanzeel Akhtar

Feb 15, 2022 at 2:00 p.m. UTC

Feb 15, 2022

UniversitiesCircleEducationSouth Africa

Policy

Ftx

South African Regulator Issues Warning on FTX, Bybit

The Financial Sector Conduct Authority said the crypto exchanges are not authorized to trade in derivatives.

By Jamie Crawley

Feb 2, 2022 at 12:25 p.m. UTC

Feb 2, 2022

FTXSouth AfricaRegulators

Nhimbe Fresh's new solar panels. (Sun Exchange)

Finance

Solar power

How Bitcoin Contributions Funded a $1.4M Solar Installation in Zimbabwe

The long-running Sun Exchange has a pitch for environmentally conscious bitcoiners.

By Ian Allison

Jan 26, 2022 at 3:39 p.m. UTC

Jan 26, 2022

Solar PowerAfricaZimbabweSouth AfricaBitcoinCrowdfunding

Finance

Africrypt

South African Police Investigate Missing Brothers’ Crypto Platform, Africrypt

South African police are investigating in four provinces and cities including Johannesburg and Durban.

By Jamie Crawley

Jan 11, 2022 at 3:21 p.m. UTC

Jan 11, 2022

AfricryptSouth AfricaPolice InvestigationsFraud

Policy

South africa

South Africa’s Financial Regulator Is Planning Crypto Rules to Protect Vulnerable Population: Report

The regulations will be unveiled in early 2022 as a response to two major scams that defrauded investors of significant sums earlier this year.

By Jamie Crawley

Dec 10, 2021 at 2:39 p.m. UTC

Dec 10, 2021

South AfricaRegulation

Banks Stablecoin Project, Watch for Fed Taper in 2022

Video

Federal reserve

Banks Stablecoin Project, Watch for Fed Taper in 2022

Binance Asia Services takes an 18% stake in HG Exchange. Korea’s Shinhan Bank and South Africa’s Standard Bank show off stablecoin project. Fed tapering a potential crypto mar...

By CoinDesk Staff

Dec 9, 2021 at 6:29 p.m. UTC

Dec 9, 2021

Federal ReservecdtvFM ClipStablecoinsDailyForkSouth KoreaSouth Africastandard BankShinhan BankBinance Asia Services