South Africa edges closer to FATF graylist exit
The country has been on the FATF’s greylist since 2023 because of loose AML/CFT regulations.
South Africa
Bitget partners with Callpay to enable South African rand transactions
The move aligns with Bitget’s broader strategy of expanding into emerging markets and driving mainstream crypto adoption.
South African startup 6DOT50 introduces crypto payment for car purchases
6DOT50 will allow its users pay for their automobiles directly with their cryptocurrency at 1400 locations in South Africa.
SARB governor opposes crypto lobbyists influencing government decisions
Kganyago is unmoved by calls for government-owned bitcoin reserves, claiming the cryptocurrency is no different from apples and beef.
South Africa’s FSCA licensed 248 crypto firms in 2024
Pan-African exchange, Yellow Card, also secured an FSCA-issued financial service provider license late in the year
South African taxman goes after crypto traders to rein in taxes
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.
97% of African countries struggle with crypto compliance: FATF
FATF’s latest review also reveals that 75% of jurisdictions globally fall short of crypto compliance.