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CATEGORY: financial sector


Dec 02, 2022 01:20

South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that conduct transactions where a crypto asset is transferred

The post South African Government to Add Crypto Entities to ‘List of Accountable Institutions’ appeared first on BTC Ethereum Crypto Currency Blog.

Apr 14, 2023 01:20

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade

A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with

The post Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade appeared first on BTC Ethereum Crypto Currency Blog.

Jul 06, 2023 01:20

Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down

According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be fined or closed down, Unathi Kamlana, the Financial Sector Conduct Authority commissioner, said. The Importance of Regulation The

The post Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down appeared first on BTC Ethereum Crypto Currency Blog.

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