3 / 4 Relevant items tagged with #SouthAfrica

Posts

Venezuela Presents Official Request to Join BRICS

[Aug 5, 2023 1:30 AM] The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive…

China Faces Opposition to Rapid BRICS Expansion From India and Brazil, Report

[Jul 29, 2023 3:30 PM] BRICS member states India and Brazil stand in the way of China’s bid to quickly expand the bloc, unveiled a media report. The two nations have different reasons to have reservations about Beijing’s plan to soon increase the organization’s…

South Africa’s Foreign Minister Hints at Expansion of BRICS Bloc With 3 New Members

[Jul 27, 2023 11:30 AM] In a recent interview published on July 26, South Africa’s foreign minister Naledi Pandor highlighted the BRICS group of economies’ commitment to peace, asserting that these nations do not aim to “weaponize the oceans.”…

‘Historic’ BRICS Summit to Be Held Without Putin in Person

[Jul 20, 2023 1:30 PM] Russian President Vladimir Putin will not travel to Johannesburg for the BRICS summit in August, according to the office of his South African counterpart. Moscow will send Foreign Minister Sergey Lavrov instead, the Kremlin confirmed, emphasizing…

BRICS Leaders to Talk Expansion at August Summit, Host Confirms

[Jul 19, 2023 1:30 AM] The leaders of the BRICS states will discuss the organization’s enlargement when they meet in South Africa, the country’s president indicated. The summit is set take place in August when over a dozen countries will hope to be given a path to…

India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead

[Jul 11, 2023 8:00 AM] Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s…

From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10

[Jul 10, 2023 2:00 PM] South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023.

Google Trends Data Reflects Rising Interest in BRICS Bloc and De-Dollarization Searches 

[Jul 10, 2023 8:00 AM] Set to take place in less than two months, the upcoming BRICS Summit in Johannesburg, scheduled for August 22 to 24, has captured global attention. Anticipation is mounting as ministers from the BRICS countries convene to explore potential avenues…

South Africa to mandate crypto exchange licenses by year-end: Report

[Jul 5, 2023 2:18 AM] South Africa reportedly becomes the first country on the continent to require digital asset exchanges to be licensed.

Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets

[Jun 23, 2023 5:30 AM] A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments…

BRICS: History, objectives and an overview of the global alliance

[Jun 23, 2023 3:07 AM] Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance.

France’s Macron Hopes to Attend BRICS Summit in South Africa, Report

[Jun 15, 2023 11:30 PM] French President Emmanuel Macron wants to join the leaders of the BRICS nations when they meet in August, according to a press report. While his participation in the multipolar bloc’s summit is uncertain, Macron has already scheduled another summit…

From cricket to crypto: AB de Villiers ventures into Web3

[May 31, 2023 11:00 AM] South African cricket icon AB de Villiers trades his bat for Web3 as he discusses his love affair with NFTs and a partnership with a novel Ethereum-based investment platform.

South Africa’s Crypto Firms Will Soon Need to Apply for Registration or Face a Heavy Fine

[May 25, 2023 8:03 AM] Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment.

Rand Plunges After US Weapons Accusations Against South Africa, Schiff Criticizes Misleading Inflation Numbers, and More — Bitcoin.com News Week in Review

[May 21, 2023 7:30 AM] Another exciting week in crypto and finance has come and gone, with news of U.S. government accusations against South Africa, regarding the alleged supply of the Russian state with ammunition. In other news, ten Southeast Asian nations are…

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

[May 17, 2023 7:30 PM] South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to…

BRICS to Promote National Currencies Before Issuing Common One

[May 1, 2023 12:00 AM] The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat…

South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

[Apr 28, 2023 2:06 AM] The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

[Apr 27, 2023 3:30 AM] Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a…

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit

[Apr 25, 2023 8:00 AM] Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement…

Crypto exchange Roqqu receives South African approval to expand operations

[Apr 20, 2023 2:30 PM] Nigerian crypto exchange Roqqu received the green light to operate in South Africa, providing on and off-ramps to South Africa's Rand currency.

African blockchain ventures outpace global funding growth: Report

[Apr 18, 2023 7:52 AM] Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa.

CoinDesk Indices Joins With Luno to Help South African Users Track Crypto Investment Bundles

[Apr 17, 2023 1:00 AM] The partnership will see launch of Luno Large Cap Bundle, helping customers to easily manage and maintain different investment strategies.

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

[Apr 13, 2023 11:30 AM] According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly…

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

[Apr 8, 2023 11:30 AM] China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September…

US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States 

[Apr 4, 2023 1:30 PM] After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing…

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

[Apr 2, 2023 5:30 PM] On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was…

BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion

[Mar 31, 2023 10:30 AM] BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By…

Russia talks up prospects of BRICS countries developing new currency

[Mar 30, 2023 11:50 PM] A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency.

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

[Mar 22, 2023 2:12 AM] The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation.