1. Home
  2. financial product

financial product

South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores

South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its StoresPick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases Just a few months after it began accepting […]

$435,000,000 Leaves Bitcoin and Ethereum ETPs As Institutions Eye Altcoins: CoinShares

South African Dispute Resolution Office Says It Now Considers Crypto-Related Complaints

South African Dispute Resolution Office Says It Now Considers Crypto-Related ComplaintsAccording to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted that all complaints that occurred before crypto assets were designated financial products will […]

$435,000,000 Leaves Bitcoin and Ethereum ETPs As Institutions Eye Altcoins: CoinShares

South African Financial Sector Regulator Declares Crypto Assets a Financial Product

South African Financial Sector Regulator Declares Crypto Assets a Financial ProductAccording to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital […]

$435,000,000 Leaves Bitcoin and Ethereum ETPs As Institutions Eye Altcoins: CoinShares