Latest News and Articles about South Africa
South Africa Targets 2.5M Digital IDs by 2025, Full System by 2029 Elections
South Africa’s Bold Leap to Digital IDs: Aiming for 2029 Elections South Africa is ambitiously embarking on a digital identity transformation, with plans to issue 2.5 million digital IDs in the 2024/25 fiscal year and achieve a fully operational system by the 2029 elections. This initiative, spearheaded by Minister of Interior Leon Schreiber and the […]
Read MoreSouth Africa Pushes for Crypto to Be Classified as Onshore Assets
South Africa Urges Regulators to Classify Crypto as Onshore Assets South Africa is pushing for a significant regulatory shift in the cryptocurrency space, urging authorities to classify digital assets as onshore investments. This move aims to clear up the current regulatory gray area that has been stifling growth and keeping institutional investors at bay. South […]
Read MoreAltvest Capital Aims for $10M to Pioneer Bitcoin Treasury in Africa
South African Firm Altvest Capital Eyes $10M to Embrace Bitcoin as Treasury Asset A Johannesburg-based firm is betting big on Bitcoin, aiming to revolutionize corporate finance in Africa. Altvest aims to be Africa’s first listed company with Bitcoin as treasury reserve. Seeking $10 million via share sale, pending regulatory approval. Already purchased one Bitcoin, signaling […]
Read MoreSouth African Man Arrested for Using Bitcoin to Fund Terrorism: Regulatory Challenges Highlighted
South African Authorities Arrest Suspect for Funding Terrorism with Bitcoin South African authorities have arrested a 41-year-old man in Johannesburg for allegedly using Bitcoin to fund terrorism abroad, spotlighting the complex relationship between the promise of digital currencies and their potential for misuse. 41-year-old arrested in Johannesburg for funding terrorism with Bitcoin. Case underscores the […]
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