News list for " africa"
According to market news, the South African central bank has classified cryptocurrencies and stablecoins as financial risks, citing the growing number of users and rising transaction volumes.
The South African Central Bank (SARB) has warned that cryptoassets and stablecoins have become a new risk threatening the country's financial sector due to the lack of comprehensive regulation. In its semi-annual Financial Stability Review, it pointed out that the digital, cross-border nature of cryptocurrencies allows them to circumvent existing foreign exchange control laws, while digital assets have not yet been regulated. According to Herco Steyn, the central bank's chief macroprudential exp...
Altvest Capital Ltd. said it will become the first listed company in Africa to adopt bitcoin as a major treasury reserve asset, a strategy that follows Michael Saylor's strategy in which shares have soared more than 2,400 percent since it began buying bitcoin. Altvest CEO Warren Wheatley said in an interview that the company bought one bitcoin and has applied to regulators to raise about 200 million rand ($10 million) by selling shares to increase its treasury reserves. He added that no final de...
Mansa, a Dubai-based but Africa-focused stablecoin liquidity provider, announced the completion of a $10 million seed round led by Tether, which will support the company's expansion into Latin America and South East Asia, where liquidity challenges have also limited cross-border transactions.
On February 10, President of the Central African Republic Tuadella announced the issuance of the official meme coin CAR on the X platform this morning, calling it an "experiment" to promote national development. But the announcement video was flagged as suspicious by two AI deepfake detection tools. According to GMGN market data, CAR's market value has now exceeded 700 million dollars. The authenticity of the project has been questioned by many parties. Two detection models of AI deepfake detect...
Africa's largest crude oil producer is recovering, facing the temptation of economic interests, it may face a showdown with OPEC + over quotas. Click to view...
A South African law enforcement agency has recently arrested a 35-year-old man on suspicion of using cryptocurrencies to finance terrorist activities. The investigation was launched in May 2018, when the Financial Intelligence Centre (FIC) and the Detection Unit received information regarding suspicious transactions suspected of being linked to terrorist financing. It is alleged that on November 30, 2017, the suspect made a...
Mzwanele Manyi, a member of the South African parliament, said: "Bitcoin is on the rise across the board and it will devalue gold, which is unstoppable."
CITIC Securities pointed out that the number of new non-farm payrolls in the United States in November 2024 was slightly higher than expected. Healthcare services, leisure and hospitality sectors and government departments were the main contributors, and retail was the main drag. After the impact of hurricanes and strikes dissipated, the new non-farm payrolls in November rebounded as scheduled. The unemployment rate rose and the US job market weakened modestly, but wage growth remained solid and...
The South African Financial Conduct Authority (FSCA) has announced that, although the West Gap Branch High Court has revoked the funds preservation order against the South African exchange Banxso (Pty) Ltd, Banxso's Financial Services Provider (FSP) license is still revoked, and the company cannot conduct financial services business, and its funds can only be used to relocate customers to other financial services providers authorized by the FSCA. The Banxso-related case is tentatively scheduled ...
