R16m - eriinfo

Online content crackdown nets R16m in fines

eriinfo.com2 weeks ago08 mins

The fined distributors of online content are based in SA and abroad. (Image source: iStock) South Africa’s Film and Publication Board (FPB) has fined 21 commercial content service providers for unlawfully distributing explicit or harmful content online, contravening the Films and Publications Act (FPA) of 1996. During a media briefing in Johannesburg this morning, the…

SARB fights to reclaim R16m in crypto over outdated forex laws

eriinfo.com1 year ago04 mins

A recent judgement finds that Bitcoin can’t be regulated under apartheid-era exchange control rules. The South African Reserve Bank (SARB) is appealing a Pretoria High Court ruling that set aside its forfeiture of more than R16.4 million held by Standard Bank, ruling that apartheid-era exchange control regulations can’t be used to deal with modern-day crypto-currency…