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The Crypto Report: South Africa clamps down on FTX, Gene Simmons to accept crypto for his mansion

The Crypto Report: South Africa clamps down on FTX, Gene Simmons to accept crypto for his mansion

South Africa's financial regular has warned consumers to be "cautious and vigilant" when dealing with crypto exchange FTX trading. In a press release on Tuesday, the Financial Sector and Conduct Authority pointed out that for a company to offer contracts for difference trading in South Africa, it must be licensed to do so by the FSCA.

Gene Simmons, the lead singer of the band Kiss, says he will accept crypto for his $13.5 million Las Vegas mansion. Berkshire Hathaway (NYSE:BRK) Home Services, the listing broker, told the Las Vegas Review-Journal that any crypto payment would have to be “verified through closing costs, including taxes and commissions.”

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