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Tag Archives: South

South African Police Arrest Two Kidnappers Who Asked For Ransom in Bitcoin

Mpumalanga police in South Africa recently arrested two men alleged to be responsible for the kidnapping of a teenager boy in Witbank City and a 13-year-old girl in Witbank. According to the police, the kidnapping team asked the victims’ relatives for a reward in Bitcoin in exchange for the young …

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South Africa To Continue With Cryptocurrency Operations Amidst The Confusion

As per the latest report, The SARB or South African Reserve Bank in its consultation paper has clearly defined the benefits of cryptocurrency operation in the country despite foreseeing some risks which are associated with it. The paper was developed after the top officials of the country’s government agencies met …

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Gear up for South Korea’s biggest blockchain conference—Chain Plus

More than 2,000 delegates from around the world are expected to attend Chain Plus+ Korea, one of the most influential blockchain summit and conference in South Korea. Organized by Chainers and Korea media giant MTN (Money Today Network), the two-day summit will take place at the Seoul Dragon Hotel in …

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South African Cryptocurrency Rules Proposed By The Reserve Bank

The Reserve Bank has published a consultation paper on proposed new South African cryptocurrency rules. In the paper, the Reserve Bank details its plans on recommended rules and regulations surrounding cryptocurrency in South Africa. Related: A Legal Battle Ensues Due To Red Dead Redemption 2 Pinkertons The proposed South African cryptocurrency rules …

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South African Gov’t drops the plan to Ban Cryptocurrency

The South African Reserve Bank (SARB) has recently issued a consultation paper evaluating the advantages and dangers of crypto trading in the country. The article, established together with an amount of the country’s administration activities, was stated in an authorized statement published Jan. 16. Among the growing cryptocurrency scams and …

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South African Reserve Bank (SARB) regulations on cryptocurrencies

In South Africa, the government has just released a consultation paper focusing on cryptocurrency regulations. According to the South African Reserve Bank (SARB), there are both risks and benefits that are tied in with cryptocurrencies. In the paper, cryptocurrency is defined with a focus on its digital nature:“Crypto assets are …

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Bitcoin ransomers arrested for kidnapping in South Africa

Police in Mpumalanga, South Africa, have arrested two suspects who demanded a Bitcoin BTC ransom following the kidnapping of a teenage boy and the attempted kidnapping of a 13 year-old girl. The kidnappers demanded just over $100,000 (1.5 million rand) worth of Bitcoin in exchange for the safe return of …

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South Korea Examines Blockchain Implications in Military

Jan 17, 2019 08:20&nbspUTC | Updated: Jan 17, 2019 at 08:20&nbspUTC By&nbspPrashant Jha The South Korean government has started to examine the use-cases of Blockchain Technology in its military projects. A team has been set up to look for different possibilities of integrating blockchain solutions into the defense industry. The …

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South Korea Offers Tax Incentive For Blockchain Development

South Korea is amongst the few countries that have welcomed cryptocurrencies and its underlying blockchain technology with open arms. In its newest initiative, the East Asian nation offers tax incentives for blockchain development. While crypto markets are experiencing a bear for over twelve months, the South Korean government continues to trust the technology. …

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South Korean District to Implement Blockchain for Administrative Transparency

A district in the South Korean capital has announced it will apply blockchain to its proposal evaluation system, privately owned local news agency Newsis reports on Jan. 16 According to the article, South Korea’s Yeongdeungpo-gu — an administrative district in southwest Seoul — aims to strengthen its administrative transparency by …

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