A South African cryptocurrency exchange that provides trading services for various digital assets, including tokenised equities.
VALR hits back at proposed cross-border crypto ban
VALR CEO Farzam Ehsani warns that barring South African companies from cross-border crypto transactions may drive these activities underground. Ehsani argues that the proposed regulations contradict the authorities' goal of enhancing oversight and preventing illicit financial flows.
Ripple bets on Flutterwave at $3.2B to bring stablecoin rails to African payments
Flutterwave has secured a strategic investment from Ripple as part of its Series E round. The investment values Flutterwave at $3.2 billion.
Treasury’s crypto crackdown is a betrayal of Mandela’s promise
Nelson Mandela pledged in 1996 to phase out exchange controls, a commitment that remains unfulfilled thirty years later. The South African Treasury's draft regulations aim to include crypto assets in capital flow management, replacing outdated apartheid-era regulations.
Coinbase taps Egyptian-founded Kemet for institutional crypto derivatives expansion
Kemet partners with Coinbase to simplify access to derivatives products for institutional clients. The deal allows access to Coinbase’s trading venues through a single platform.
New draft rules could reshape crypto in South Africa
The South African crypto industry is pushing back against the National Treasury's draft Capital Flow Management Regulations, which could impose strict controls on crypto transactions. Major players like VALR and Luno express concerns over the draft's provisions that could classify local crypto trade
