South Africa Sees Increased in Cryptocurrency Transactions

2018-7-8 05:01

South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018.
As a result, many South Africans have increased their focus on cryptocurrency with a particular interest in Bitcoin.
SygniaCoin’s plans are another upgrade to the cryptocurrency landscape in South Africa.
The most significant law related to cryptocurrency in the country came in April when the South African Revenue Service announced a new framework for cryptocurrency taxes.
Images courtesy of Google Trends, Shutterstock
The post Cryptocurrency Continues to Thrive in South Africa appeared first on Bitcoinist.com.

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Источник: bitcoints.com

south cryptocurrency → Результатов: 117

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Cryptocurrency Remains Popular In South Africa, But Scams and Questions Still Loom

Sales for an exclusively African cryptocurrency opened up in August to those with a South African bank account — seemingly capitalizing on virtual currency’s popularity in the nation. Despite growing interest, however, scams and fraud are still rife in the country.

2018-8-5 11:00	South Africa
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South Korea’s revamped cryptocurrency policies

Reports show that South Korea is now undergoing a cryptocurrency policy transformation. The people in charge are in the process of tearing down the stone wall built around the regulations related to cryptocurrencies.

2018-7-10 07:04	News
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South Korea Moving Towards Cryptocurrency Acceptance

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2018-7-8 06:00	South Korea
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Cryptocurrency Continues to Thrive in South Africa

The popularity of cryptocurrency is not just restricted to Europe, Asia, and North America. South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018.

2018-7-8 03:00	South Africa
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Korea Will Fuel the Development of dApps and Base Blockchain Layers Like Ethereum, EOS and NEO

Local publications reported that the government of South Korea finalized plans to legitimize the cryptocurrency exchange market and the blockchain sector with a newly created regulatory framework.

2018-7-7 23:00	South Korea
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South Korea Likely to Unwind Cryptocurrency Rules to Coordinate with the G20 Directives

Earlier this year, top financial heads of the G20 country had a discussion for cryptocurrencies and their role in the global economy. At that time, the leaders pledged for having “unified regulations” towards the functioning of digital currencies.

2018-7-7 11:48	South Korea
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South Korea Likely to Relax Cryptocurrency Rules to Cooperate with the G20 Directives

The SEC said that it has made revisions to its rules to apply strengthened policies in order to prevent or detect money laundering and illegal activities because they aren't opposed to cryptocurrencies.

2018-7-7 10:23
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South Korea Admits Crypto Exchanges Being Regulated Financial Institutions

From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support. The post South Korea Admits Crypto Exchanges Being Regulated Financial Institutions appeared first on CoinSpeaker.

2018-7-7 20:52
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Off ‘Communications Vendors’: South Korea Admits Crypto Exchanges Being Regulated Financial Institutions

From now on the cryptocurrency exchanges of South Korea form a new industry named “Cryptocurrency Exchange and Brokerage” able to operate at a large capacity with full government support. The post Off ‘Communications Vendors’: South Korea Admits Crypto Exchanges Being Regulated Financial Institutions appeared first on CoinSpeaker.

2018-7-6 20:52	News
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South Korea Recognizes Crypto Exchanges With Launch of Blockchain Classification System

South Korea has taken another step towards the legitimization of cryptocurrency with the announcement of a new regulatory initiative that will see blockchain platforms and businesses governed by a new classification system.

2018-7-6 09:00	South Korea
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Crypto Industry Officially Recognized in South Korea

The government is changing its position on the cryptocurrency industry in an attempt to get closer to international standards and ease its regulations.

2018-7-6 08:26	News
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South Korea is Drafting New Blockchain Industry Classification Standards

South Korea Announces New Classification Standards for The Blockchain Industry and Legitimizes It It seems like the battle for legitimacy that the blockchain and cryptocurrency industry is facing in South Korea seems to be near its end.

2018-7-5 23:18	News
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Cryptocurrency Exchanges Are Officially Recognized By South Korea

South Korea has moved to recognize cryptocurrency exchanges as legal entities in their own right for the first time, cementing their position in the local economy. Increasing Official Status The move marks a further step forward in South Korea’s increasing legitimization of cryptocurrency.

2018-7-5 17:51
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South Korea Officially Recognizes Cryptocurrency Exchanges

South Korea has moved to recognize cryptocurrency exchanges as legal entities in their own right for the first time, cementing their position in the local economy. Unveiling ‘Cryptoasset Exchanges And Brokerages’ As local news outlet The B-Chain reports, new “classification” of Blockchain-related industries means exchanges are now considered “cryptoasset exchanges and brokerages.

2018-7-5 15:00	South Korea
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South Asian Banking Ban dealine around the corner, causing Zebpay exchange to stop.

One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. “INR deposits and withdrawals have been paused in the Zebpay app until banks allow us again,” an update to the original warning reads. On Tuesday,

2018-7-5 21:00	Zebpay
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Biggest Mileage System in Korea OKCashBag With 35 Million Users Will Use Cryptocurrency

OKCashBag, the biggest mileage and membership system in South Korea operated by SK – the country’s largest telecommunications conglomerate– is preparing to integrate major digital assets to incentivize users with cryptocurrency.

2018-7-3 18:00	tim draper
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Korea’s oldest mileage scheme can change money points to Kryptos

The company behind OK Cashbag, the oldest and most popular mileage point program in South Korea, is mulling a plan to convert cash points accumulated by its users into cryptocurrency. In an interview with CoinDesk Korea, SK Planet said a plan to introduce a blockchain system to tokenize cash points has been shared with the

2018-7-3 13:49
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Korea's Oldest Mileage Program May Convert Cash Points to Crypto

The company behind OK Cashbag, the oldest mileage point program in South Korea, is mulling a plan to convert cash points into cryptocurrency.

2018-7-3 12:00	Republished
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Philippines To Spearhead Exchange Regulation In South Asia

Reports out today highlight that authorities in the Philippines are set to issue new licenses to a number of cryptocurrency exchanges in an attempt to apply some form of regulation to the country.

2018-7-3 05:30	Exchanges
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South Korea Sets up Cryptocurrency Regulations

The Financial Services Commission of South Korea has announced new cryptocurrency rules which will put the country on the world map. The new rules will allow better regulations in monitoring trading.

2018-7-2 15:58	South Korea
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South Korea Unveils New Supportive Crypto Regulations

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2018-7-1 14:49	South Korea
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Bithumb Finally Disclose Full Details Of Recent Hack

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2018-7-1 11:00	Exchanges
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Bithumb Reports Recovery of $14 Million in Stolen Cryptocurrency

Bithumb has announced the recovery of $14 million out of the $31. 5 million stolen during the June 20 hack. The South Korea-based cryptocurrency exchange made this fact known via a blog post on its website on June 28, 2018.

2018-7-1 22:55	Cryptocurrency News
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BTCC CEO Bobby Lee: Investors in China are Still Trading Crypto Even After Bitcoin Ban

At the Blockchain Open Forum in Seoul, South Korea, China’s first crypto exchange BTCC CEO Bobby Lee said that investors in China are still trading cryptocurrencies even after the Chinese government imposed a ban on crypto trading in September 2017.

2018-6-30 14:00	China
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Bitcoin ATM to Make Crypto-Cash Exchanges Easier for South African Investors

South Africa is by far one of the friendliest countries in the world when it comes to cryptocurrency trading. As more and more South Africans are willing to dive into the rapidly expanding homegrown digital asset market, the country is all set to get a fully functional Bitcoin ATM.

2018-6-29 10:59	trading
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Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency.

2018-6-29 04:55	XRP
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Korea Financial Regulator: Kimchi Premium is Gone, Cryptocurrency Market is Now Stable

Kim Yong-bum, the Vice Chairman of the Financial Services Commission and one of the main financial regulators in South Korea, expressed optimism towards the cryptocurrency market and the disappearance of the “Kimchi Premium” which exceeded 30% at the cryptocurrency market’s peak in December 2017.

2018-6-29 21:00	South Korea
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Bithumb claims to return $14 million from stolen cryptocurrencies

South Korean cryptocurrency exchange Bithumb reported a successful attempt to reduce its losses from the recent hacker attack, which resulted in approximately $31 million in cryptocurrencies stolen.

2018-6-29 20:33	News
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South Korean Financial Regulator to Monitor Bank Accounts that Trade Cryptocurrency

South Korea's FSC plans to begin monitoring exchange bank accounts and coin transactions via foreign exchanges to look for signs of money laundering.

2018-6-27 22:29	News
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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts

The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.

2018-6-27 20:26	Law & justice
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Contradictory Reports Emerge on Crypto Taxation in South Korea

One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto […]

2018-6-27 17:00	South Korea
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Cryptos Are Neither Currencies nor Securities, SARB Deputy Governor Says

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2018-6-27 16:19	Cryptocurrency
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What Koreas Crypto scene is saying

At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies. If that wasn’t enough, on June 20, Bithumb – South Korea’s largest by trade volume – also announced a major security breach in which $31 million was reported to be lost. No strangers to

2018-6-27 00:48	South Korea
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South Korean Insurers Wary of Cryptocurrency exchanges

Insurance companies in South Korea are not very forthcoming in providing insurance for crypto exchanges in the country. Despite being the nation with the most prolific cryptocurrency users, exchanges and thriving digital assets business, insurance companies in South Korea are wary of providing coverage for Crypto Exchanges.

2018-6-26 19:06	South Korea
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The Next South Korean Cryptocurrency Exchange Tangled In Security Drama

Is it me, or has ‘South Korea’ become a byword for ‘poor cryptocurrency exchange security’? It seems that of late, cryptocurrency exchanges in South Korea are surrounded by security issues that are seeing very large-scale hacks take place, hacks that have allowed for the theft of tens of millions of USD worth of crypto-assets.

2018-6-26 16:30	Exchanges
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Jersey Need To Consider This Before It Can Become The Crypto Capital Of Europe

Recently, we are seeing more and more news from Jersey, a British island situated off the south coast of England, wedged between northern France in the English Channel. Quite an idyllic location by all accounts, not that I’ve been myself.

2018-6-26 15:30	Cryptocoins
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South Korea’s Ministry of Finance Says 10 Percent Crypto Tax Not True

South Korea finally responded to recent rumors stating that it will impose a 10 percent tax on cryptocurrency trading profits. According to a recent report, the country’s Ministry of Finance had already denied the existence of such a taxation scheme.

2018-6-26 14:49	Cryptocurrency
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Exchange Leak Puts $620K-Worth of Customer Crypto at Risk

A new exchange from South Korea leaked critical information about 19 of its users, potentially putting some $620,000 worth of cryptocurrency at risk.

2018-6-26 09:00	South Korea
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263 +

South Korean Cryptocurrency Exchanges Struggle To Find Insurers

Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures.

2018-6-26 03:00	South Korea
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Bithumb Expects Actual Losses to Be Lower, Promises Reimbursement to Affected Clients

Earlier this week, the cryptocurrency community was once again dumbfounded when millions of dollars worth of digital coins went missing as hackers successfully breached Bithumb, which is South Korea’s biggest crypto exchange.

2018-6-25 19:42	Cryptocurrency
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Brian Kelly & Charlie Lee “Bitcoin Is Still Bullish”

Despite the recent hack on Bithumb, in which over $30 million worth of cryptocurrencies was culminated by the hackers, Brian Kelly and Charlie Lee remain ‘bullish’ on Bitcoin. This week, the South Korean exchange, one of the largest cryptocurrency exchanges, Bithumb was hacked which led to the theft of $31 million virtual currency’s.

2018-6-24 22:30	Breaking News
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South Korea: Reports of Ten Percent Tax on Crypto Currency Gains Are Fake

South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year.

2018-6-24 06:27	United States
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274 +

South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake

2018-6-24 02:00	South Korea
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6 Reasons Why Bitcoin Price is Down — (And Some Positive News Too)

As the week comes to a close, let us reflect on and digest all the news — most of which was negative, that happened in the cryptocurrency arena affecting Bitcoin price. Oh Look, Another Exchange Hack Tuesday evening, popular South Korean cryptocurrency exchange Bithumb reported a system breach that resulted in approximately $31 million worth of cryptocurrencies being stolen.

2018-6-24 23:00	Bitcoin Price
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Are Centralized Exchanges Breaking the Crypto Promise?

Exchange hacks are becoming the new normal. Just two weeks after Conrail’s $37. 2 million hack, it was time for Bithumb’s $31 million hack, with the difference being that Bithumb is the world’s sixth largest cryptocurrency exchange based on CoinMarketCap data, far larger than Coinrail.

2018-6-24 23:00
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382 +

Litecoin Founder Remains Optimistic Despite Recent Bithumb Hack

Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […]

2018-6-24 21:00	SegWit
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Bitcoin Magazine’s Week in Review: Fortunes and Fallacies

This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.

2018-6-24 20:05
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