ChainCatcher news, the African cross-border payment platform Accrue announced the completion of a $1.58 million seed round financing, led by Lattice Fund, with participation from Maven 11, Lava, Kraynos Capital, and others.Accrue was founded in 2021 by Zino, Clinton, and Adesuwa, initially focusing on a dollar-cost averaging application for cryptocurrencies and stocks. After experiencing a market downturn in 2022, the company pivoted to launch the cross-border payment tool Cashramp, which has now become its main source of revenue and achieved profitability in mid-2023.This round of financing will be used to expand payment infrastructure, optimize product features, and grow the team, further driving innovation and growth.

ChainCatcher news, South African Reserve Bank Governor Lesetja Kganyago stated that if the United States starts hoarding Bitcoin, South Africa is unlikely to follow suit. He questioned the merits of this decision, noting that South Africa is focused on central bank digital currency (CBDC) and the practicality of blockchain, rather than the use of Bitcoin as a store of value.

ChainCatcher message, Binance P2P has added support for Pepe (PEPE), and it is now possible to trade PEPE with fiat currencies in the Middle East and North Africa (MENA) region.

ChainCatcher news, according to Bitcoin.com News, shows that a recent survey by Ripple indicates that 52% of financial leaders in the Middle East and North Africa (MENA) prioritize blockchain payments and tokenized assets for development. The survey points out that, led by Saudi Arabia and the UAE, blockchain technology is expected to fundamentally change banking in the region by 2025.

ChainCatcher news, according to Cointelegraph Magazine, African waste collectors earn cryptocurrency through ReFi to support their households.The Aquapurge project, led by Ibrahim Aziz, addresses the ocean pollution crisis in Kenya through cryptocurrency. The project incentivizes community participation in cleanup activities through its PURGE token ecosystem. The project has held 23 cleanup events, collecting over 5400 kilograms of waste.

ChainCatcher news, according to News.bitcoin, a law enforcement agency in South Africa recently arrested a 35-year-old man who is suspected of using cryptocurrency to fund terrorist activities. The investigation was initiated in May 2018 when the Financial Intelligence Centre (FIC) and the investigation team received information about suspicious transactions related to alleged terrorist financing.It is alleged that on November 30, 2017, the suspect purchased $614 worth of Bitcoin through the virtual asset service provider Luno, transferring funds from the suspect's bank account to Luno's custodial account. Subsequently, the Bitcoin was transferred to another wallet associated with an unnamed "independent" organization.South African law enforcement stated that preliminary investigations indicated that these funds were transferred to provide weapons, economic assistance, and other projects to "participants" in another country. After determining the use of the funds, South African law enforcement executed a search warrant at the suspect's residence on October 24, seizing multiple items, including firearms that were not securely locked as required by law. The man is expected to appear in the Lichtenburg Magistrate's Court on January 6.

ChainCatcher news, South African MP Mzwanele Manyi stated, "Bitcoin is rising comprehensively, and it will devalue gold, which is unstoppable."

ChainCatcher news, according to Bitcoin.com, UAE investment firm Hodler Investments' subsidiary Permianchain has partnered with Vertical Data to provide modular and portable data center solutions using its GPU as a service technology. GPU as a service or "boxed solutions" enable faster, safer, and more efficient AI-driven computing.A statement said that the solution will be available in the UAE and the broader Middle East and North Africa (MENA) region. The goal is to bring high-performance, low-latency AI processing closer to where critical data is generated, reducing latency and enhancing real-time decision-making capabilities.

ChainCatcher news, according to News.bitcoin, the South African financial regulator------Financial Sector Conduct Authority (FSCA) has issued a total of 248 crypto asset service provider (CASP) licenses from 420 applications received. According to local reports, 56 applications are still under review, while 9 applications have been rejected, and 106 entities withdrew their applications after the FSCA expressed concerns about their business models.

ChainCatcher news, according to Lookonchain monitoring, a certain address earned over 1.5 million dollars in profit from trading FRIC within 1 hour. The address spent 25 SOL (about 6300 dollars) to purchase 297 million FRIC (accounting for 29.7% of the total supply), and then sold 258 million FRIC, gaining 4693 SOL (about 1.18 million dollars), with 39 million FRIC (about 380,000 dollars) still held.

ChainCatcher news, according to Finance Feeds, Yellow Card has obtained a Crypto Asset Service Provider (CASP) license issued by the Financial Sector Conduct Authority (FSCA) of South Africa.It is reported that Yellow Card Financial South Africa was established in 2020 and has facilitated over $3 billion in transactions to date. The company plans to leverage its recently completed $33 million Series C funding to enhance its stablecoin channels, infrastructure, as well as B2B APIs and widgets. Yellow Card has also partnered with Fireblocks to improve cross-border transaction capabilities, providing secure and efficient on-chain solutions for the African market.

ChainCatcher news, Yellow Card has obtained a Crypto Asset Service Provider (CASP) license from the South African Financial Sector Conduct Authority (FSCA). This license allows Yellow Card (also licensed in Botswana) to expand its operations and meet the growing demand for stablecoin services.Previous news, the African crypto trading platform Yellow Card announced the completion of a $33 million Series C funding round, led by Blockchain Capital.

ChainCatcher news, Schindlers Digital Assets has partnered with Schindlers Attorneys and Broll Auctions and Sales to develop the first legally compliant process that enables cryptocurrency holders in South Africa to purchase real estate using Bitcoin or Ethereum.As a financial service provider, Schindlers Digital Assets offers cryptocurrency conversion services that comply with financial regulations, specifically catering to cryptocurrency holders in South Africa. This partnership allows Schindlers to expand its range of cryptocurrency products by assisting buyers in investing in real estate using digital assets.The legal property transfer process will be handled by Schindlers Attorneys, while Broll Auctions will be responsible for the real estate auctions.

ChainCatcher news, according to Bitcoin.com, the South African Financial Intelligence Centre has issued Directive No. 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions.This directive will take effect on April 30, 2025, and aims to help South Africa be removed from the Financial Action Task Force (FATF) grey list. The grey list affects the country's reputation, increases the cost of financial transactions, and raises borrowing costs.According to the directive, the full names and wallet addresses of both parties in a transaction must be recorded, with stricter requirements when the transaction amount exceeds $277 (5,000 rand). Sean Sanders, CEO of Altify, expressed support for regulatory developments but questioned the $277 threshold, calling it the lowest globally.

ChainCatcher news, the South African Financial Sector Conduct Authority (FSCA) announced that although the Western Cape High Court has lifted the asset preservation order against the South African exchange Banxso (Pty) Ltd, Banxso's Financial Services Provider (FSP) license remains revoked.In addition, the company is prohibited from conducting financial services business, and its funds can only be used to migrate clients to other FSCA-authorized financial service providers. The related case of Banxso is scheduled for a retrial on December 4, 2024, and the FSCA is investigating the activities of Banxso and its management.

ChainCatcher news, the Nairobi Securities Exchange (NSE) has officially joined the Hedera Council to leverage the Hedera network to accelerate its tokenization plans. After joining the council, the NSE will utilize Hedera's secure, transparent, and scalable technology to expedite the launch of digital assets and tokenized securities on its exchange.The Hedera Council is a diverse group composed of global organizations responsible for the operation and management of the decentralized Hedera network. The NSE will run a node on the Hedera network alongside other council members and will have equal voting rights in the governance of Hedera's software and services.

ChainCatcher news, recently, South Africa's largest cryptocurrency exchange VALR announced the launch of its Chinese version application "威乐", and will continue to iterate to cover more communities.According to data from the RootData platform, VALR was established in 2018 and has completed approximately $55 million in funding to date, with investors including Pantera Capital, 100x Venture, Bittrex, Coinbase Venture, GSR, and others.

ChainCatcher news, the South African Financial Sector Conduct Authority (FSCA) temporarily suspended the financial services provider license of the cryptocurrency trading platform Banxso on Wednesday, citing concerns that its marketing practices promised clients unrealistic returns.There were previous allegations that Banxso used deepfake techniques in its advertising and employed aggressive sales tactics to pressure clients into investing without proper risk assessment.

ChainCatcher news, according to TechCrunch, the African cryptocurrency exchange platform Yellow Card has completed a $33 million Series C funding round, led by Blockchain Capital, with participation from Coinbase, Kraken, OpenSea, and Worldcoin. This round of financing will be used to expand its B2B business. Yellow Card's total funding amount has reached at least $88 million.According to the Web3 asset data platform RootData, Yellow Card completed a $15 million Series A funding round in September 2021, led by Valar Ventures, Third Prime, and Castle Island Ventures, and also completed a $40 million Series B funding round in September 2022, led by Polychain Capital.

ChainCatcher news, according to Bitcoin.com, the South African Revenue Service (SARS) has announced the inclusion of crypto assets in its compliance program. The revenue service is seeking information about crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers.SARS recently stated that it felt it necessary to take this step after noticing that taxpayers were not declaring crypto assets and transactions on their tax returns. According to the statement, South African law requires SARS to account for all income and assets, including cryptocurrencies.In its latest comments on the issue, SARS stated that it is working to simplify compliance for taxpayers and traders. Meanwhile, tax officials emphasized the consequences of intentional tax evasion. To achieve this goal, SARS stated that it has strengthened its audit team and adopted the latest technology.