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Financial Sector Conduct Authority

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam OutfitIn the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi SchemeNew submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange

Another South African Company Reveals Plans to List a Crypto ETF on Local Stock ExchangeFresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that […]

US Bitcoin strategic reserve divides opinion at World Economic Forum

South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’

South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.” In the warning, the regulator reminds investors that since cryptocurrencies are “not regulated by the authority or any other body,” there will be no legal recourse […]

US Bitcoin strategic reserve divides opinion at World Economic Forum