South Africa Archives

South African Court Grants Liquidation Order After Investors Fail To Withdraw Their BTC

January 1, 2021

South African court grants liquidation order after investors fail to withdraw their BTC. After the Financial Sector Conduct Authority (FSCA) reported receiving complaints from investors who refused to withdra...

South Africa Unleashes New Crypto Rules As Usage Soars

November 22, 2020

South Africa unleashes new crypto rules as usage soars. On Friday, South Africa’s Financial Sector Conduct Authority (FSCA) announced that it has published “a draft declaration of crypto assets as a financial...

South African Man Arrested For Bitcoin Ransom Kidnapping

February 24, 2020

A South African man has been imprisoned following his attempt to kidnap and ransom a 13-year-old girl for bitcoin. According to a report by local news outlet Times Live, Sthembiso Amon Mchunu, 36, was found ...

BetConstruct to launch new sportsbook with South Africa’s Gbets

October 25, 2019

Online gaming solutions provider BetConstruct has secured approval to roll out a new sportsbook product with South African online operator Gbets. The Western Cape Gambling and Racing Board agreed for BetCons...