Many South Africans have found themselves victims of various scams and Ponzi schemes in the crypto world. The good news is that with tighter measures you can trade with less fear and risk.
“Authorities in South Africa appears to be paying closer attention to the cryptocurrency space in 2021 in the wake of a major Bitcoin (BTC) Ponzi scheme and increased trading activity. As a result, the South African Financial Sector Conduct Authority has called for tighter controls of the crypto space following the collapse of what has been described as the biggest Ponzi scheme the country has ever seen.”
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