First National Bank, part of South Africa’s second-largest banking group by assets, has launched a crypto investing service for its customers in partnership with licensed local exchange VALR. The move puts BTC, ETH, XRP, SOL, and USDT directly inside FNB’s existing share-trading platform, available around the clock from as little
Absa has officially rolled out the institution’s digital asset custody service in South Africa, leveraging the custody solution by Ripple. The official rollout of the project came after the partnership signed between Ripple and Absa back in October 2025, where the bank was made the first custody partner of Ripple
Binance Pay and Scan To Pay have joined forces in a bid to boost the use of crypto spending in real-life scenarios in the country. With this move, it is possible to make payments with cryptocurrency to over 650,000 Scan To Pay merchants across the country. This move enlarges the
Binance, the largest crypto exchange, announced on April 23 that it will gradually introduce changes to crypto withdrawals and deposit procedures for users in South Africa. This step is taken in response to the local regulatory demands. The users of Binance in South Africa will be asked to provide further
Despite trading below its ATH and previous highs, Bitcoin’s reputation as a reserve asset didn’t go away. While multiple US states started exploring Bitcoin strategic reserves this month, it is now an African firm’s turn to adopt BTC. South Africa-based AltVest Capital is exploring the adoption of Bitcoin as a
South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH
The Financial Sector Conduct Authority (FSCA) of South Africa has awarded VALR, the Pantera-backed cryptocurrency exchange with its headquarters located in Johannesburg, both a Category I and Category II license to operate as a Crypto Asset Service Provider (CASP). With this accomplishment, VALR becomes one of the first platforms for
Financial authorities in South Africa have recently demanded that cryptocurrency exchanges register by the end of the year or risk legal action. By the end of the year, South Africa’s Financial Sector Conduct Authority has mandated that cryptocurrency exchanges submit applications for operational licenses. Since accepting applications for licenses began
While it is true that BRICS countries have expressed their desire to reduce the dominance of the US dollar in international trade and finance, it would be an exaggeration to say that they are “racing” to achieve this goal. The BRICS countries have been exploring alternatives to the US dollar
On Thursday, BRICS gathered to address the issues happening across the international agenda as started with ‘an exchange of views’, in South Africa. The meeting comprises the foreign ministers from five member nations including Brazil, Russia, India, China, and South Africa at Cape Town. Discussion Details at the Meet The
