South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country. The move to class...
Tag: South
South Africa Set To Regulate Bitcoin And Other Cryptos As Financial Assets
Cryptocurrency regulation in South Africa seems to have become a reality and will set a pathway to maintain compliance in crypto and Bitcoin assets. The South African Reserve Bank (SARB) is pioneering...
South Africa tokenizes Zuid-Afrikaansche Republiek (ZAR) coins
South Africa has decided to kick off a project to tokenize the famous Krugerrands collectible coins. They will be minted by the NFT Web3 Momint platform, dedicated to highly innovative projects, and w...
Citing Benefits of Cryptocurrencies, South Africa Plans to Regulate Them as Financial Assets
Kuben Naidoo – Deputy Governor of South Africa Reserve Bank (SARB) – argued that cryptocurrencies, specifically bitcoin, provide numerous advantages to the monetary system. However, he claimed there i...
South African Reserve Bank Set to Regulate Cryptocurrencies as Financial Assets
The South African Reserve Bank (SARB) deputy governor Kuben Naidoo has confirmed that the country will roll out cryptocurrency regulations over the next 12 – 18 months that will not identify them as a...
Bitcoin not a currency? South Africa to regulate crypto as financial asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation. Cryptocur...
South African Reserve Bank will regulate crypto as financial assets to make it ‘mainstream’
South Africa Reserve Bank (SARB) deputy governor Kuben Naidoo has confirmed that the country is set to roll out cryptocurrency regulations that will partly support the sector. Speaking during a webina...
South Africa’s Famed Krugerrands Collection Set to Be Tokenized – Bitcoin News
South Africa’s famed Zuid-Afrikaansche Republiek (ZAR) coins or the Krugerrands collection are set to be tokenized and will be available to potential buyers from a price as low as $200. Tokenized coin...
South Korean Tech Giant SK Telecom to Launch Its First Web3 Wallet – crypto.news
SK Telecom, a major South Korean telecommunications company, has joined forces with other blockchain companies to build a digital wallet that can store cryptocurrencies, nonfungible tokens, and digita...
South Korean Telecom Operator SK Telecom to Develop Web3 Wallet
SK Telecom cooperated with AhnLab Blockchain Company (ABC), a blockchain subsidiary of South Korean antivirus software company AhnLab, and blockchain company Atomix Lab to develop a Web3 digital asset...
South Korea’s Largest Mobile Operator to Introduce a Web3 Wallet: Report
The largest mobile operator in South Korea – SK Telecom – reportedly joined forces with crypto firms AhnLab Blockchain Company and Atomrigs Labs to release a digital wallet. The feature will provide c...
Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
South Korean telecommunications giant SK Telecom has signed a joint agreement with other blockchain firms aimed at developing a digital wallet that can support cryptocurrencies, nonfungible tokens and...
South Korea, US officials discuss sharing data in crypto investigations: Forkast
South Korea’s Justice Minister Han Dong-hoon met with US investigators in New York last week amid the countries’ separate probes into Terraform Labs and its co-founder Do Kwon, Forkast reported, citin...
South Korea’s tech giant SK Telecom to launch cryptocurrency wallet
Korea Mobile Telecommunications Services Corp also more commonly known as SK Telecom announced on July 11 that it had reached an agreement with AhnLab Blockchain Company and Atomrigs Lab to collaborat...
South Korean Car Dealer Launches NFTs to Reduce Paperwork Costs
Han Sung Motor, a South Korean imported car dealer, has rolled out non-fungible tokens (NFTs) to offer customers a secure and convenient experience based on the option of checking car details using th...
South African Firm Launches ‘Crypto Water Token’ — Receives Investment of $150M – Bitcoin News
The South African company behind the so-called “crypto water token” is reported to have secured an investment of $150 million from a Bahamas-based digital asset management company, GEM Digital. Initia...
Bored & Hungry NFT restaurant will open in South Korea
Bored & Hungry has announced that it will open its second NFT restaurant location in Seoul, South Korea, this fall of 2022. Bored & Hungry and opening in the fall in Seoul, South Korea The fam...
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report – Coinotizia
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (...
US and South Korea Set to Share Data on the Terra-Luna Meltdown
In the aftermath of Terra’s historic debacle, regulatory scrutiny targetting the stablecoin industry through cooperative measures across borders has become urgent to authorities worldwide. According t...
U.S. and South Korean Officials Meet to Discuss Terra Collapse
Key Takeaways Officials from South Korea and the U.S. met on Tuesday in New York to share information on financial crime. In that meeting, they discussed their investigations of the collapsed stableco...
US, South Korea to cooperate over Terra investigation
U.S. and South Korean authorities have agreed to collaborate on the investigation of Terra’s implosion, South Korea’s Yonhap News Agency reported July 6. South Korea’s Justice Minister Han Dong-hoon m...
South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON
H2O Securities, an infrastructural firm based in South Africa, generated $150 million to introduce crypto water tokens. The company landed the funds from the investment of GEM Digital, a global invest...
South Africa’s H2O Water Securities Gets $150M Funding
H2O Water Securities focuses on water problems. Established H2O Water Network and H20N token. GEM Digital invests $150 million for the platform. Cryptocurrency is indeed playing a major role in the c...
The Ukrainian Army Retreats In The East, Advances In The South
Ukrainian defense ministry photo Ukrainian forces have retreated from Lysychansk, the last free city in Luhansk Oblast in eastern Ukraine’s Donbas region. The retreat comes weeks after the Ukrainians ...
CFTC drags South African to court over $1.7 billion scam
The Commodities Futures Trading Commission (CFTC) has dragged a South African and his company to court over breaching some regulations. According to the filed charges, the regulator alleges that the c...
US Regulator Charges South African MTI
The operators were charged for $1.7 Billion Fraud Involving Bitcoin BTC Price at the time of writing – $19,225.17 The derivatives watchdog has filed a civil enforcement action The U.S. Ware Futu...
US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin – Coinotizia
The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest...
US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin – Regulation Bitcoin News
The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest...
CFTC Serves Lawsuit Against South African Company Over $1.7B Bitcoin Fraud
In a recent lawsuit, the CFTC has revealed what it considers the single largest Bitcoin fraud case, involving South Africa’s MTI. The Commodity Futures Trading Commission (CFTC) has filed a lawsuit ag...