The Crypto Asset Reporting Framework sets out how crypto-related transactions will be collected, reported and shared with authorities.
Understanding the distinction between system capability and human application provides a more balanced assessment of digital trading platforms.
The move follows a series of policy developments, including the classification of crypto assets as financial products and the rollout of the licensing regime.
Andrew Baker, who previously served as chief technology officer, takes the helm from Wim de Bruyn.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
Stablecoins are set to drive mainstream crypto adoption among African merchants, claim Ezeebit and Luno executives.
SA’s “two-speed” payments system sees digital transactions expand in the formal sector, as cash continues to dominate informal commerce.
The job cuts span 38 US companies, with the largest reductions at Amazon, Meta and fintech group Block.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
SARS is modernising to collect tax as South Africans consume more digital services, including Starlink, than its current systems can track.
The big-four bank makes four executive appointments, bringing outside experience onboard, alongside strategic internal appointments.
The FSCA’s Consumer Advisory Panel highlights the regulatory challenges posed by financial influencers and the implications of AI on finance.
The Startup Club ZA unveils an online platform that facilitates access within the local tech ecosystem.
FNB, Absa, Standard Bank, Nedbank and Capitec go beyond pilot projects and isolated AI experiments to large-scale deployment across core operations.