North Korea’s nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

Since the world’s second-largest crypto exchange, FTX, declared bankruptcy earlier this month, the flow-on effects have been felt far and wide. But among the many victims are also some not-so-innocent parties. For the Democratic People’s Republic of Korea, a country...

South Africa’s cryptocurrency industry will be subject to FICA from December this year

Expect changes in the cryptocurrency industry in South Africa this December. After years of considering multiple options to keep track of the booming industry, the country’s Financial Intelligence Centre Act (FICA) annexure has been amended to consider crypto asset...

Africa’s central banks are exploring ways to regulate cross-border digital currencies

As more people travel across Africa for play and work, central banks in Sub-Saharan Africa are seriously considering the use of central bank digital currencies (CBDCs) to boost cross-border payment systems. Several African central banks, hosted by the Central Bank of...