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Buy a car with cryptocurrency | Road Safety Blog

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Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time – Regulation Bitcoin News


Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense.
Risk of Imprisonment
According to a Mybroadband report, this new interpretation of the country’s exchange control regulations is contained in the FAQ document recently published by the Intergovernmental Fintech Working Group (IFWG), a body that is comprised of South Africa’s financial regulators. In the document, regulators explained: ....

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MTI CEO missing, lawyers pull out and members concerned


MONEYWEB
LIVESTREAM
Where have all the Bitcoin gone? Moneyweb journalist Ciaran Ryan explains the circumstances.
20:31 
NOMPU SIZIBA: The story we’re set to look at now reads like an Mzansi or Hollywood movie, but sadly it’s a reality. In a nutshell, the CEO of one Bitcoin trading company, Mirror Trading International, or MTI, Johann Steynberg, has not been seen since December 3 this year. Interestingly, this gentlemen has gone Awol following the Financial Sector Conduct Authority warning investors to sell out of their investments with this particular outfit a few months back. Sadly, it seems like the number of investments at MTI actually rose thereafter. An MTI company statement released yesterday says that – and this is a very important clause – “As far as we know, Johann is in Brazil.” It then goes on to share that the CEO, Johann Steynberg, has not been forthcoming with MTI management leaders and clients about the goings-on with ....

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