the Financial Sector Conduct Authority (FSCA) of South Africa announced that although the High Court of the Western Cape Division has lifted the preservation order on the funds of Banxso (Pty) Ltd, a South African exchange, the financial service provider (FSP) license of Banxso has been revoked, and the company is not allowed to conduct financial services business. Its funds can only be used to transfer customers to other financial service providers authorized by the FSCA. The Banxso case is scheduled for retrial on December 4, 2024, and the FSCA is investigating the activities of Banxso and its management.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
South Africa’s FSCA has not yet reinstated the license of South African exchange Banxso
-
Wechat scan to share
Recommended for you
-
Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink
The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
-
Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds
The recovered tokens, spanning multiple networks and assets, will be paid out in the same tokens as originally provided, with a claim mechanism being developed.
-
US investors consider crypto less as risk-taking drops: FINRA study
FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time.
-
Decrypt ·
OpenAI Ordered to Hand Over 20M ChatGPT Logs in NYT Copyright Case
A federal judge rejected OpenAI’s bid to limit discovery, directing the company to produce de-identified user logs central to the case.
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
-
Zixi.eth ·
BeFlow: Rebuilding Payment Logic with Technology — From an Incentive Tool to a Consumption Operating System
-
Trump's CFTC, FDIC Picks Closer to Taking Over Agencies as They Advance in Senate
The Senate's process is inching forward on a mass-confirmation that would include two nominations with major crypto implications.
-
Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.
-
ADA, ETH, XRP Climb as Bitcoin Zooms Above $93K, But Traders Warn of ‘Fakeout Rally’
“The short-term setup has shifted into a choppy pullback, with markets watching whether BTC can stabilize within the $90,000–$91,000 support zone,” one trader said.
-
Asia Morning Briefing: Polymarket Bettors Still Expect Big Strategy Buys Even as Saylor Prepares for a Weak Market
CryptoQuant’s latest report shows the company preparing for weaker conditions with smaller buys and a growing USD buffer, yet traders continue to price in a playbook built on reflexive accumulation.
Daily Must-Read
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
-
Coinbase CEO Armstrong Says Banks That Don't Adapt Stablecoin Will be 'Left Behind'
-
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
-
Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash
-
Senator Tim Scott pushes for December vote on crypto market bill
-
Nearly 25% of Adults With Internet Access in Asia Might Own Crypto, Report Says
All Comments