SA Crypto

A short voice note from the CEO of VALR, exclusively speaking to SA/Global Crypto regarding their significant $50 million Series B funding round, the largest ever funding round in African crypto.

Ferris Cars in Gauteng, South Africa recently held a high profile event whereby a client purchased a Ferrari for 2.3 BTC.  AltcoinTrader were instrumental in helping Ferris Cars accept Bitcoin as payment, and we spoke with the exchange's CEO Richard de Sousa about the landmark sale, and what it means for crypto adoption.

In huge news for South Africa's crypto industry, AltCoinTrader have announced that they will slash their trading fees by over a third from 0.375% down to 0.1% - but in addition, will also be listing PolkaDot's native coin, DOT. We spoke with their CEO Richard de Sousa about the big news to get the full low down of everything that's happening. Don't forget to visit our YouTube channel for more great podcasts and interviews: https://www.youtube.com/channel/UCkKgXHf4nRzBCkA8jfUDMMg 

South Africa's Financial Sector Conduct Authority (FSCA) released a statement today that they intend to declare cryptoassets "financial products" in early 2021. The declaration would come under South Africa's Financial Advisory and Intermediary Services Act (FAIS). The FSCA did not state exactly when the declaration would come into effect, but the authority have invited interested members of the public to submit their comments to the office before 28 January 2021, indicating a likely declaration in late Q1 or early Q2 2021. Richard de Sousa (AltCoinTrader), Marius Reitz (Luno), and Farzam Ehsani (VALR)  gave us comment.

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