FTX loses financial services licence access in South Africa
South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) licence.
“FTX is now unlicensed...
High drama as two crypto titans clash — what it means for Ovex, VALR, Luno in South Africa
In the cryptocurrency world, it’s called whale games.
When two or more large players — “crypto whales” — try to outmanoeuvre each other, the collateral damage doesn’t seem to be a consideration. All that...
South African cryptocurrency exchange aims to buy a bank
South African cryptocurrency exchange operator and digital asset market maker Ovex hopes to acquire a bank.
“We’re far larger and more profitable than a lot of the smaller banks in South Africa,” Ovex CEO Jonathan Ovadia told MyBroadband.