Safcoin (SAF): The South African crypto revises its ambitions upwards

Safcoin SAF The South African crypto revises its ambitions upwards

The company Web3 Virtual Nation Builders has just acquired FHM, the parent company of Safcoin (SAF). The latter is known to be the first crypto founded in South Africa. The deal comes just days after the token was listed on HotBit. All this assumes an obvious dynamism of the crypto market in Africa. But also … Read more

NFTs Are The “Biggest On-Ramp” To Cryptography In Central, South Asia And Oceania – Report

NFTs Are The Biggest On Ramp To Cryptography In Central South

Non-fungible tokens (NFTs) could be the biggest driver of crypto adoption in Central, South Asia and Oceania (SWAC), according to a new report. According to a September 21 Chainalysis article titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related stocks accounted for 58% of all web traffic going to cryptocurrency services in … Read more

South Korea Asks Interpol To Prevent Terra Founder From Fleeing Extradition | Company – Tech Tribune France

Tout ce quil faut savoir sur la merge

South Korean authorities have asked Interpol for a red notice to prevent crypto entrepreneur Do Kwon from fleeing extradition, days after the Terra founder denied being “on the run” in a message posted to his Twitter account. The international cat-and-mouse lawsuit comes amid yet another crash in the industry’s value, apparently driven by the ‘merger’, … Read more

Startup Aims to Become First South Korean Crypto Player to List on KOSDAQ Exchange

Startup Aims to Become First South Korean Crypto Player to

Source: Hans Eiskonen/Unsplash A South Korean crypto and blockchain startup is targeting KOSDAQ, the country’s stock exchange, and could become the country’s first publicly traded company. The company, named Blocko, has hired one of the country’s leading financial firms – Shinhan Financial Investment – to handle the listing process as the company seeks to launch … Read more

South Korea Tracked $1 Billion in Fraudulent Crypto Transactions This Year

South Korea Tracked 1 Billion in Fraudulent Crypto Transactions This

– Advertising – Source: Daniel Bernard/Unsplash A staggering $1 billion in fraudulent crypto-related transactions was identified in South Korea in the first half of 2022, according to new data. According to Asia Kyungjae, the figures were compiled by the Korea Customs Service and made public by legislator Kang Byung-won. The data records all crypto-related transactions … Read more

South Korea Identifies Over $1 Billion In Fraudulent Crypto-Related Transactions In 2022 By DailyCoin

South Korea Identifies Over 1 Billion In Fraudulent Crypto Related Transactions

South Korea Identifies Over $1 Billion in Fraudulent Crypto-Related Transactions in 2022 Recent data submitted by the Korean Customs Service shed light that in the first half of 2022, the amount of foreign exchange fraud captured was around 1.5 trillion won, or more than $1 billion. According to local media Asia Kyungjae, the amount of … Read more

All Points South For Crypto-Backed Festivals

Dozens of Crypto Platforms Affected by SEC Complaint

“Hedge Fund Festivals Kill Electronic Music” might not be the catchiest title for an EP, but it’s hard to disagree with the sentiment. Artists Blawan and The Analogue Cops unfortunately never responded to my request for an interview on the financialization of fandom in 2018. And they were probably not present at the Saturday All … Read more

South African Central Bank Now Considers Cryptocurrency A Financial Asset BlockBlog

South African Central Bank Now Considers Cryptocurrency A Financial Asset

The Deputy Governor of the South African Reserve Bank (SARB) recently said that the institution has changed its stance on cryptocurrency and now considers it a financial asset that needs to be regulated as such. The SARB plans to have a cryptocurrency regulatory framework in place by the end of 2023. A safer crypto ecosystem … Read more

South Korea Postpones 20% Tax On Crypto Gains To 2025

South Korea Postpones 20 Tax On Crypto Gains To 2025

Image: Shutterstock The South Korean government has been mulling its plan to impose a 20% tax on all crypto revenue through 2025. On Thursday, government officials announced their new tax reform plans, declaring the crypto tax policy to 2025, citing stagnant market conditions and the time needed to prepare the investor for protective measures. The … Read more

South Korea Opens Investigation Into $3.1 Billion Crypto-Related Foreign Exchange Transactions

South Korea Opens Investigation Into 31 Billion Crypto Related Foreign

South Korean regulators are investigating $3.1 billion in “abnormal” foreign exchange transactions at two of the country’s largest commercial banks for possible money laundering related to crypto investments. Unusual currency transactions worth 4.1 trillion won ($3.1 billion) have taken place at two Korean banks – Woori Bank and Shinhan Bank – since February 2021, the … Read more