Digital Rand Rejected South Africa Backs Payshap
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
South Africa
Stablecoin Boom $33T Threatens South Africa
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
Bitcoin Classified as Capital in Court Ruling
South African High Court rules 1,680 bitcoins seized from Square Mangundhla as capital, conflicting with SARB’s crypto stance. Legal tensions expected. Legal
Binance Bans Foreign Stablecoins in South Africa
South African Reserve Bank and FSCA declare crypto assets and stablecoins are not legal tender, citing risks to National Payments System stability. #Update #Legal
Bitcoin Liquidators Handle 9441 Claims Crisis
Liquidators of Mirror Trading International face $395M in claims with only $35.8M remaining; FXChoice froze 1,281 Bitcoins aiding recovery. #Update #Legal
Bitcoin Eyes $250K Amid Institutional Surge
Nigeria’s crypto activity surged in March, driving Sub-Saharan Africa’s on-chain volume to $25B, with Bitcoin dominating purchases. #Update #Crypto $BTC
Crypto Judge Criticizes Apartheid-Era Regulation
A South African High Court judge criticized the South African Reserve Bank for using outdated apartheid-era laws to regulate cryptocurrencies.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) ↘
Crypto Scam Hits South African Parliament
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) ↘
MTI CoMastermind Arrested Over Unanswered Questions
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) ↘
Bitcoin: Ideal Treasury Asset Valued
@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 Launches Rand Transactions via Callpay
@Bitget has partnered with Callpay to enable South African Rand (ZAR) deposits and withdrawals, streamlining fiat-crypto transactions. #Update #Crypto (+3) ↗
Bitcoin Bail Set in Terrorism Case
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) ↘
Crypto Criticized by South African Bank Chief
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) ↘
Bitcoin: South Africa Arrests Terror Suspect
South African authorities have arrested a 35-year-old man suspected of using $BTC to fund terrorist activities, marking a significant legal enforcement action by the Hawks. • #Breaking • #Legal • $BTC • (+8) • ↗