South Africa

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51…

Bittrex Leads $1.5 Million Seed Round in South African Crypto Exchange VALR

Global crypto exchange Bittrex led a $1.5 million seed round in South African trading platform VALR. Bittrex CEO Bill Shihara…

South Africa’s Standard Bank to Launch Permissioned Blockchain for Overseas Exchange Services

South Africa’s Standard Bank will soon launch its private permissioned blockchain for overseas exchange trades on behalf of corporate clients,…

Survey Ranks South Africa Top for Cryptocurrency Ownership

South Africa has been ranked as the top country for ownership of cryptocurrency, according to a global survey by social…

High Cost Slows Down Bitcoin ATM Growth in Africa

There are more than 4,000 bitcoin automated teller machines (ATMs) in the world, but only just about 10 (or 0.2…

Local Media: Iran Reportedly in Talks With 8 Countries to Use Crypto Transactions

Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports…

Report by South Africa’s Reserve Bank Makes Strides Toward Crypto Clarity in the Country

A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public…

South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper

The South African Reserve Bank (SARB) has issued a consultation paper assessing the benefits and risks of cryptocurrencies. The paper,…

South Africa Wants to Mandate Registration of Crypto Service Providers

A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto…

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