
South Africa's Financial Sector Conduct Authority says it has imposed R10-million in penalties and 20-year debarments against individuals accused of manipulating share trading linked to Africa Bitcoin in September 2022. According to the regulator, the enforcement action targets share manipulation, with the debarments barring those involved from the financial industry for two decades. The penalties stem from trading activity that took place during that month, though further details about the individuals or the specific trades involved were not disclosed in the report.
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