SA cryptocurrency exchange AltCoinTrader has announced that it will next month allow users to trade in one-ounce gold and silver coins using its platform.
This, despite its founder Richard de Sousa yesterday admitting to Ventureburn that it’s unclear whether trade in non-Krugerrand gold as well as trade in silver, is legal in South Africa or not.
SA crypto exchange AltCoinTrader will next month allow users to trade in one-ounce gold and silver coins. But is it all legal?
In a statement earlier this month, Johannesburg based AltCoinTrader, which was founded in 2015 by De Sousa, said the offering will commence on 5 August and will include allowing users the ability to buy Krugerrands with cryptocurrency.
Users will (just like Troy Gold currently offers) will be able to buy as little as one hundredth of a Krugerrand (currently valued at about R20 000).
AltCoinTrader said it had entered into an agreement with a number of retail commodity merchants around the country to back each Click here to read entire article
Source:: Venture Burn