FSCA launches fresh investigation into beleaguered bitcoin company ABC
Regulator is looking into trades in April and May, around the time of a 3-for-1 share split.
It’s been a week from hell for JSE bitcoin pioneer Africa Bitcoin Corporation (ABC), with the latest missile coming in the form of a fresh investigation being launched by the Financial Sector Conduct Authority (FSCA) into share trades in April and May this year.
The FSCA notice of the new investigation is dated 11 September, and does not name who is being investigated, other than to say the investigation is being conducted in terms of Section 135 of the Financial Sector Regulation Act over possible market manipulation.
