South Africa will revise draft crypto rules after exchanges warned that proposed self-custody wallet bans could drive users to unregulated channels. Officials plan new consultations and closer alignment with global standards. #Update #CryptoRegulation
The South African Reserve Bank pauses digital rand rollout, focusing on real-time payments via Payshap and Payinc, amid privacy and efficiency trade-offs. #Update #Finance
National Treasury and SARB extend regulations comment deadline to June 30, 2026, amid backlash; Luno CEO warns stablecoin restrictions could harm South Africa’s competitiveness. #Update #Crypto
South African High Court rules 1,680 bitcoins seized from Square Mangundhla as capital, conflicting with SARB’s crypto stance. Legal tensions expected. Legal
South African Reserve Bank and FSCA declare crypto assets and stablecoins are not legal tender, citing risks to National Payments System stability. #Update #Legal
Liquidators of Mirror Trading International face $395M in claims with only $35.8M remaining; FXChoice froze 1,281 Bitcoins aiding recovery. #Update #Legal
Nigeria’s crypto activity surged in March, driving Sub-Saharan Africa’s on-chain volume to $25B, with Bitcoin dominating purchases. #Update #Crypto $BTC
A South African High Court judge criticized the South African Reserve Bank for using outdated apartheid-era laws to regulate cryptocurrencies. #Update #Legal #Crypto (-3) ↘
Hackers breached the South African Parliament’s social media accounts to promote a fake Solana-based cryptocurrency named after President Cyril Ramaphosa. #Breaking #Crypto $SOL (-8) ↘
Clynton Marks, alleged co-mastermind of the @MTI_Ponzi scheme, has been detained for failing to explain missing bitcoins from his account. #Breaking #Legal $BTC (-8) ↘
@VALR’s CEO Farzam Ehsani highlights Bitcoin’s decentralized nature and limited supply as key factors for hedging against inflation, with @AltvestCapital adopting $BTC as a strategic reserve asset. #Update #Crypto $BTC (+4) ↗
@Bitget has partnered with Callpay to enable South African Rand (ZAR) deposits and withdrawals, streamlining fiat-crypto transactions. #Update #Crypto (+3) ↗
Bitcoin.com: A South African court grants bail to a man accused of sending $BTC worth over $600 to an ISIS affiliate, ruling he is not a flight risk. #Update #Legal $BTC (-3) ↘
Lesetja Kganyago, governor of the South African Reserve Bank, criticized crypto lobbyists at the World Economic Forum for advocating Bitcoin as a reserve asset, warning against potential regulatory capture. #Update #Crypto $BTC (-3) ↘
