Altcoin News Daily Official TheBitTimes.com

South Africa’s financial regulators want crypto startups operating in the country with foreign head offices to set up local offices to ensure “appropriate oversight and ensure accountability.” Per a recent study from the Financial Sector Conduct Authority (FSCA), approximately 10% of virtual currency service providers in South Africa have their centers of operation abroad. The FSCA argues that oversight in South Africa became “insufficient” after crypto currencies were declared financial products last year. To offset the issues, the agency wants companies to set up shop. REGULATION | South African Regulator to Require Local Presence for International Crypto Companies According to FCSA, about 10% of Crypto Assets Financial Service Providers operating in South Africa have their head offices in foreign countries. FCSA says a physical presence… pic.twitter.com/CgFrYrEjGD — BitKE (@BitcoinKE) December 9, 2023 The South African financial regulatory body describes crypto assets...

A legal struggle between Arkansas County and a newly built crypto mine is taking place after county officials tightened noise restrictions and nearby locals voiced concerns over a potential threat to national security. The dispute began when Digital Jones LLC opened a crypto mine near the town of Dewitt, sparking a backlash from local residents. As reported by ABC, local concerns ranged from environmental threats, energy usage, and worries about the mine’s international owners posing a national security threat. A petition to stop crypto mining in Dewitt reads, “Communities are greatly concerned about another unwelcome communist Chinese crypto mining site that could pop up in Dewitt.” One member of the Committee to Protect Arkansas County described the crypto mine as “ 3,000 computers that’s going to suck our resources , that’s going to damage our community.” An Arkansas County judge said everybody was in the dark about the mine, adding, “We know tha...

Major crypto exchange Binance continues to expand its services globally with the latest launch of a new digital asset platform in Kazakhstan.  New crypto exchange for Kazakhstan users Binance announced the launch of the local crypto exchange in a press event that had in attendance Kazakhstan government officials, Binance Kazakhstan’s leadership, and representatives from the country’s banking industry  The digital assets platform will offer Kazakhstan users services such as deposit and withdrawal of fiat, crypto custody, exchange and conversion. Bank Freedom Finance Kazakhstan JSC will offer banking services, allowing users in the country to transfer fiat to their Binance accounts. At the moment, there are two channels available for investors to carry out deposits and withdrawals via the bank, which are bank transfers and bank cards.  You might also like: Binance calls ‘Binance Nigeria Limited’ a scam In a statement, the General Manager of Binanc...