South Africa’s central bank governor does not qualify crypto as currency
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has stated that cryptocurrencies should not be classified as a currency, rather they are to be likened as assets since they are not generally accepted. During an interactive discussion at the Wits Business School Leadership Dialogues , the central bank chief compared bitcoin to […]
FBI joins probe into South African Mirror Trading International
The Federal Bureau of Investigation (FBI) is joining the investigation of South African company Mirror Trading International which was involved in one of the largest alleged crypto scams of 2020. The US Federal Bureau of Investigation is now investigating the South African company Mirror Trading International (MTI), widely regarded as last year’s most heinous Bitcoin […]
AfriCrypt founders deny stealing billions from users, claims $5M was lost to hackers
South African brothers and founders of AfriCrypt’s have come out to deny the fact that they ran off with billions in customers funds, claiming they hid after receiving death threats from “dangerous people.” The co-founder of AfriCrypt, a South African crypto investment site, Raees Cajee has disputed charges that he and his brother stole billions […]