Cryptocurrency ownership in SA below global average
The rate of cryptocurrency adoption is higher in South Africa than in countries such as the United States, the United Kingdom and Germany – if the results of a survey conducted by consumer […]
Bitcoin
Should asset managers own Bitcoin on behalf of clients?
Holding Bitcoin is akin to gambling, and private investors should only risk capital in cryptocurrencies that they are theoretically happy to lose, Allan Gray fund manager Thalia Petousis told the asset manager’s recent […]
Crypto Currency scam sets new “record”
Last year South Africa achieved yet another dubious record when the Mirror Trading implosion was regarded as the biggest crypto currency scam ever. On 23 June Moneyweb reports: Africrypt ‘hack’ of nearly R54bn […]
Elon Musk sets fire to the bitcoin and cryptocurrency debate
Tesla CEO Elon Musk, who has been a big supporter of cryptocurrencies, implied in a Twitter exchange on Sunday afternoon that the electric vehicle maker sold or may sell the rest of its […]
Regulating cryptocurrencies is a necessary next step
Four months after he disappeared, the estate of missing Mirror Trading International (MTI) CEO Johann Steynberg has been provisionally sequestrated. MTI was placed in provisional liquidation in December last year when investors tried […]
Regulating cryptocurrencies is a necessary next step
Four months after he disappeared, the estate of missing Mirror Trading International (MTI) CEO Johann Steynberg has been provisionally sequestrated. MTI was placed in provisional liquidation in December last year when investors tried […]
Crypto Assets – Draft declaration to define it as financial product
On Friday, the Financial Sector Conduct Authority (FSCA) published a draft declaration of crypto assets as financial products. “Globally there is rapid growing interest by retail investors to purchase crypto assets. South Africa […]
Fintech policies and regulatory frameworks – National Treasury programme update
“Financial Technology (FinTech) has become an increasingly popular phenomenon, with people familiarising themselves with crypto-currencies such as Bitcoin, SAFcoin and many others. The main issue with all these currencies is that they operate […]
