South Africa has become one of the unlikely crypto hubs in the continent. Along with other markets including Nigeria, he country has seen a boom in crypto traders. Despite the positive reception to crypto, the state remains concerned due to the significant number of crypto traders evading tax bills and failing to reveal profits and assets to the South African Revenue Service. This has prompted the South African Revenue Service to ramp up its efforts…
Ethereum has been hit hard recently with the official ban on ICO’s being enforced in China. Being one of the biggest markets for the coin, prices did dip significantly following the announcement, however having recovered, another blow was deal recently as South Korea too announced their intentions to ban ICO operations using any form of cryptocoin. “Raising funds through ICOs seem to be on the rise globally, and our assessment is that ICOs are increasing…