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Cryptocurrency

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10 Dec 2019
Cryptocurrency industry needs to play by the rules – even if there aren’t any

By Angus Brown, CEO, Centbee. Despite crypto being unregulated in South Africa, the current regulatory stance is that South Africans…

Cryptocurrency industry needs to play by the rules – even if there aren’t any

By Angus Brown, CEO, Centbee. Despite crypto being unregulated in South Africa, the current regulatory stance is that South Africans may buy any cryptocurrency assets, store them and pay for goods and services. Like art and jewellery, even though cryptocurrencies are not registered as a financial security, it is still…

26 Nov 2019
Luno outlines reasons for Bitcoin’s six-month price low

In what has been a tough week for cryptocurrencies, the price of Bitcoin dropped to its lowest level in six…

Luno outlines reasons for Bitcoin’s six-month price low

In what has been a tough week for cryptocurrencies, the price of Bitcoin dropped to its lowest level in six months. The current price on the country’s most popular cryptocurrency exchange, Luno, is R114 851 after a week of sustained downward pressure. 

25 Oct 2019
Growth in cryptocurrency transactions in SA calls for stronger security measures

Acknowledging National Cybersecurity Awareness Month this October, leading peer-to-peer (P2P) bitcoin marketplace and digital wallet provider, Paxful, is shining the…

Growth in cryptocurrency transactions in SA calls for stronger security measures

Acknowledging National Cybersecurity Awareness Month this October, leading peer-to-peer (P2P) bitcoin marketplace and digital wallet provider, Paxful, is shining the spotlight on the escalating need for security awareness amongst users when trading in digital currency. With criminals becoming increasingly technically proficient, the benefits of cryptocurrencies are also being exploited. Virtual…

15 Oct 2019
Why crypto is particularly hot in South Africa

South Africa is a leading market for cryptocurrency adoption. This is according to Luno, the country’s most popular cryptocurrency exchange,…

Why crypto is particularly hot in South Africa

South Africa is a leading market for cryptocurrency adoption. This is according to Luno, the country’s most popular cryptocurrency exchange, which was launched in South Africa in 2013 and was one of the early pioneers that helped build the country’s cryptocurrency infrastructure. Today, Luno is available in over 40 countries.

02 Oct 2019
Crypto accountants to ensure crypto tax compliance

A recent report from Israeli blockchain portfolio platform, Blox, reveals that a new breed of digital-savvy accountant is emerging. These…

Crypto accountants to ensure crypto tax compliance

A recent report from Israeli blockchain portfolio platform, Blox, reveals that a new breed of digital-savvy accountant is emerging. These blockchain boffins are arriving not a moment too soon, as tax authorities around the world begin clamping down on cryptocurrency disclosures.

26 Sep 2019
How to regulate cryptocurrency: commodity, currency or security?

By Marius Reitz, GM for Africa, Luno. South Africans are increasingly buying cryptocurrencies, many exploring Bitcoin or Ethereum as investments…

How to regulate cryptocurrency: commodity, currency or security?

By Marius Reitz, GM for Africa, Luno. South Africans are increasingly buying cryptocurrencies, many exploring Bitcoin or Ethereum as investments for the first time on Luno, the country’s leading cryptocurrency platform. Anyone buying cryptocurrency should not only learn as much as they can about the crypto world, but they must…

09 Sep 2019
Facebook’s Libra shines a light on blockchain technology as a disrupter

This year, Facebook announced the launch of their new currency and blockchain platform called Libra, which attracted investors such as…

Facebook’s Libra shines a light on blockchain technology as a disrupter

This year, Facebook announced the launch of their new currency and blockchain platform called Libra, which attracted investors such as Visa, Mastercard, PayPal, Uber, Lyft, and Coinbase. Lawmakers in the United States and European Union have however called for a halt in the rollout of Libra to address possible regulatory…

26 Jul 2019
Ransomware attackers get targeted

Cryptocurrencies help ransomware industry flourish. City Power announced yesterday that a ransomware attack left Joburg residents unable to buy electricity,…

Ransomware attackers get targeted

Cryptocurrencies help ransomware industry flourish. City Power announced yesterday that a ransomware attack left Joburg residents unable to buy electricity, highlighting the debilitating effects that a cyberattack can have.  By Friday 26 July, the systems were still not fully restored, and residents were left in the dark and frustrated. 

15 Jul 2019
Facebook’s Libra: Are cryptocurrencies growing up?

By David Lerche Senior Investment Analyst, Sanlam Private Wealth. Cryptocurrencies have been on a wild ride over the past two…

Facebook’s Libra: Are cryptocurrencies growing up?

By David Lerche Senior Investment Analyst, Sanlam Private Wealth. Cryptocurrencies have been on a wild ride over the past two years – the value of Bitcoin and other vendors rising and falling spectacularly, and repeatedly. Now there’s a new kid on the block, with Facebook’s Libra promising to move the…

12 Jul 2019
Trump is wrong on Bitcoin 

U.S. President Trump is wrong and is placing himself on the wrong side of history on Bitcoin – but cryptocurrencies…

Trump is wrong on Bitcoin 

U.S. President Trump is wrong and is placing himself on the wrong side of history on Bitcoin – but cryptocurrencies should be regulated, says Nigel Green, the founder and CEO of deVere Group.

20 Nov 2018
Cryptocurrency industry adopts compliance measure

Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application…

Cryptocurrency industry adopts compliance measure

Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume.

18 Jul 2018
The good and bad of proposed tax amendments for cryptocurrencies

  By Tertius Troost, Senior Tax Consultant at Mazars

The good and bad of proposed tax amendments for cryptocurrencies

  By Tertius Troost, Senior Tax Consultant at Mazars