Category: South Africa

South Africa Proposes Strict Crypto Regulatory Framework

South Africa’s financial regulators recommended that cryptocurrency “remain without legal tender status” in a Tuesday roadmap outlining what could become the nation’s first comprehensive crypto laws.  According to the policy paper by South Africa’s “Intergovernmental Fintech Working Group” (IFWG),...

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Bittrex Leads $1.5 Million Round for 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 told CoinDesk the South African market has “tremendous untapped potential.” Fellow VALR investor Michael Jordaan of Montegray Capital told...

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