Tag archives: Cryptocurrency

Dirty money and the rise of digital payments

Exchanging bank notes and coins are increasingly seen as risky business, as noted by Thomson Reuters in an article on the rise of digital money transactions. The COVID-19 pandemic may speed up the global move towards digital-only payments. Apart from the more widespread use of payment apps, electronic funds transfers and cryptocurrencies, the idea of … Continue reading

Can you be sued over Bitcoin?

South African courts have yet to deal with a case involving Bitcoin or other cryptocurrencies. But the fact that cryptocurrencies remain largely unregulated in most jurisdictions does not place cryptocurrency disputes beyond the reach of the courts. Globally, most litigation has related to insolvency, fraud and breach of contract. In 2014, Japanese Bitcoin exchange MtGox … Continue reading

Deciphering cryptocurrencies

The use of and interest in cryptocurrencies like Bitcoin have grown substantially. In the 24 hours from 1 to 2 June 2015, 130 632 Bitcoin transactions occurred globally with a total value of ZAR 611 321 864.85 (or USD 59 079 000.24 at exchange rates of USD 1 to ZAR 12.21). What is a cryptocurrency? A … Continue reading
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