New rules proposed by the South Africa Central bank may mean that crypto exchanges and wallet providers will have to register with regulators.
The Capital Markets Authority issued a statement cautioning consumers over the use of KeniCoin crypto tokens and their trading in Kenya. The ICO for the coins was launched publicly in July 2018.
Kidnappers demanded a transfer of 5 Bitcoin within 48 hours to this BTC address – 1Bk4TQzDXhxGgMwrXcaFhViSyoT9GLk2kN in return for a missing nine-year-old girl, Linathi Titshala, in Cape Town, South Africa
Kenya isn’t playing games when it comes to making headways with blockchain technology.
In an effort to refine its approach to the regulation of cryptocurrencies, the South African government has decided to establish a cryptocurrency asset regulatory working group that will play a key role in investigations and research on digital assets and blockchain technology.
It is easy to fall victim to the notion that blockchain with its many utilities could serve as a foolproof defence against cyber security risks. While blockchain will inevitably improve cyber security for organisations and individuals, it is dangerous to rely completely on its present capabilities to secure information against cyber attacks.