Binance South Africa’s Hannes Wessels Regulatory advances in 2025 have laid the foundation for the growth of cryptocurrencies, with their use in domestic payments and cross-border remittances expected to surge this year. “Last year marked a turning point for crypto in [South Africa and the rest of] Africa, shifting from retail‑led speculation and towards institutional…
Binance South Africa GM Hannes Wessels The crypto world moves much more quickly than most people realise. At this speed, there’s plenty of opportunity, but plenty of danger, too. For Binance, the way forward is simple: education before action, because nothing in crypto works, not trading, adoption or safety, unless users understand what they are…
2025’s global regulatory strides created a foundation for deeper integration of crypto and traditional finance. South Africa and several major global markets rolled out extensive crypto-currency regulatory reforms in 2025, marking a shift toward tighter oversight and deeper institutional participation in digital assets. Local exchanges interviewed by ITWeb say the combined momentum reshaped the regulatory…
Greg van der Spuy shows off the Cardware wallet, which is aimed at more technically proficient users Cryptocurrency players must decrease the level of technical proficiency required for prospective users to participate in the sector to accelerate mass market adoption. This is according to Greg van der Spuy, CEO of Cardware Wallet, who was speaking…
Overlooking the city with Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea. Jungang Yan | Moment | Getty Images Shares of South Korean auto companies rose Tuesday after U.S. Secretary of Commerce Howard Lutnick confirmed that lower U.S. auto tariffs of 15% on South Korea would retrospectively come into effect, starting Nov. 1. “We…
The South African Reserve Bank has flagged cryptocurrencies as a new risk to domestic fiscal stability. It said this in the second edition of its Financial Stability Review for 2025, which covers the six-month-period from June to November. In a presentation on Tuesday, Nicola Brink, head of department for financial stability at the Reserve Bank,…
The integration of cryptocurrencies into South Africa’s financial ecosystem is rapidly accelerating, marked by a significant new partnership: Discovery Bank has announced a deal with crypto platform Luno to allow its customers to trade digital assets directly online. Read: Valve unveils Steam Frame, a wireless standalone VR headset This move is the latest indication that…
Discovery Bank CEO Hylton Kallner Discovery Bank’s Thursday announcement of a deal with cryptocurrency platform Luno, which will allow the former’s customers to trade cryptocurrencies online, is yet another sign that cryptocurrencies are becoming mainstream in South Africa. The move follows another deal announced in October between Scan to Pay and MoneyBadger that allows users…
Hylton Kallner, CEO of Discovery Bank. Discovery Bank today unveiled new offerings, including the integration of crypto-currencies into the digital bank’s mobile app. Under a partnership with Luno, Discovery Bank will add crypto trading in over 50 crypto assets from December. Hylton Kallner, CEO of Discovery Bank, says: “The financial world is evolving fast, and…
Virtual assets, commonly referred to as crypto assets or digital currencies, are reshaping the global financial landscape. In Africa, where financial inclusion remains a pressing challenge, the rise of virtual assets presents both opportunities and regulatory dilemmas. This article provides a comparative overview of the regulatory frameworks governing virtual assets across East, West and Southern…
