Cryptocurrency South Africa
Leading Crypto Exchange Remitano Launches its Native Token – RENEC
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Can I Still Trade Bitcoin in South Africa Despite SARS Clampdown?
/* custom css */ .tdi_4_78e.td-a-rec-img{ text-align: left; }.tdi_4_78e.td-a-rec-img img{ margin: 0 auto 0 0; } South Africa is one of the countries where the growth, adoption, and use of bitcoin and other cryptocurrencies continue to move at a fast pace. People are looking for how to buy bitcoin now more than ever. However, a lot of crypto traders are facing pressure from the South Africa Revenue Service (SARS) regarding their cryptocurrency investments. This has raised a lot of panic in the South Africa crypto community. Since the main purpose of digital assets is to encourage anonymous P2P transactions anywhere around the globe, they are used by some as a tool to bypass tax. To curtail this, SARS has joined a number of tax bodies around the world in monitoring profits made by crypto tra...
South African Investors Lose $3.6-Billion in Massive Crypto Scam
Image sourced from Shutterstock. AfriCrypt, a South African cryptocurrency investment company, has reportedly defrauded around $3.6-billion in investor funds after the company made claims that its trading systems had been hacked. Investors in AfriCrypt reportedly count amongst South African celebrities and other high profile individuals. In a matter of hours the staggering monetary amount, around R54-billion, seemingly disappeared without a trace on 13 April. $3.6-Billion in Stolen Cryptocurrency Shortly after claiming that its systems had been shut down by a hack, AfriCrypt’s teenage “directors”, brothers, Ameer and Raees Cajee (17 and 20, respectively) allegedly transferred all investor funds from their South African bank account before fleeing to the UK, reports Independent Media. AfriC...
How Blockchain and Crypto Can Lessen Financial Exclusion in Developing Countries
/* custom css */ .tdi_4_8ce.td-a-rec-img{ text-align: left; }.tdi_4_8ce.td-a-rec-img img{ margin: 0 auto 0 0; } While the COVID-19 crisis has reversed the recent global poverty reduction, according to the UN and other experts, it has also sped up financial inclusion via mobile financial services apps provided by crypto, blockchain and FinTech startups. Many people worldwide take for granted the services billions of others struggle to access. In their book “Financial Exclusion and the Poverty Trap,” authors Pamela Lenton and Paul Mosley assert that one of the main causes of poverty is financial exclusion, which they define as the inability to access finance from mainstream banks. /* custom css */ .tdi_3_d8d.td-a-rec-img{ text-align: left; }.tdi_3_d8d.td-a-rec-img img{ margin: 0 auto 0 0; } ...
The Value of Digital Currencies During the Age of COVID-19
Sourced from Hacker Noon. “Money is no longer the commodity it was a decade ago. How we acquire money is changing, and so is the form of money,” writes John Lombela, MD of African investment and tech company Cryptovecs Capital. He says that with the changing business landscape and the digital evolution, the only way one can define their digital future is by becoming familiar and looking at new digital assets especially if they are seeking funding for their business. “Gone are the days of depending on a bank loan or family and friends investing in your business. Entrepreneurs and those seeking funding can now consider cryptocurrency lending because it offers high yielding gains through margin trading on specific exchanges by lending cryptocurrencies,” Lombela continues. This move has result...
Africa – The Most Promising Region for Cryptocurrency Adoption says Report
Sourced from Hacker Noon. According to a new report by Luno and Arcane Research, the economic landscape across the continent augurs well for cryptocurrency adoption in Africa. The State of Crypto: Africa report says that rapid adoption of cryptocurrencies is likely in Africa in the context of high inflation rates, volatile currencies and underdeveloped banking infrastructure. Certain crypto assets combine the wealth preservation properties of hard assets such as gold with the portability of digital currencies. /* custom css */ .tdi_3_65a.td-a-rec-img{ text-align: left; }.tdi_3_65a.td-a-rec-img img{ margin: 0 auto 0 0; } Cryptocurrencies also offer lower-cost and faster remittance payments than is currently available. Traditional money transmitting services charge very high fees and in...
- 1
- 2
