Crypto industry shoots for mainstream adoption

Crypto industry shoots for mainstream adoption

US President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The bill, dubbed the Genius Act, passed in the US house of representatives…

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DOJ seizes record 5 million in crypto tied to scams

DOJ seizes record $225 million in crypto tied to scams

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in…

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Crypto players call for reforms to unlock over R500m in extra tax

Crypto players call for reforms to unlock over R500m in extra tax

Aligning digital asset classification with onshore status could strengthen SA’s position in the fast-evolving digital finance space. South African crypto-currency players are calling for regulatory changes that will see digital currencies being declared onshore assets in the country. They note South Africa’s regulatory grey zone around digital currencies may be holding back significant investment potential….

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Crypto exchange Afridax taps Zulu in expansion drive

Crypto exchange Afridax taps Zulu in expansion drive

Frank Leonette, founder of Afridax. Newly-launched South African crypto-currency exchange Afridax has added Zulu language on the platform in a bid to attract more local users. The exchange has also set its sights on introducing more vernacular languages on the platform in the near future. Founded by crypto veteran Frank Leonette, Afridax is looking to…

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