Decentralized technologies are still quite heavily reliant on centralized technologies, meaning that they are controlled by a natural person rather than peer-to-peer. Firstly, you cannot access crypto without fiat money like Rands or Dollars. You can access crypto by transferring fiat to a centralized exchange (CEX) and exchanging it for crypto.
In this article Evan Smit, Seed Deputy Information Officer, explores a few security safeguards to ensure that your Advisory is up to speed following the implementation of POPIA on 1 July 2021.
Why is Bitcoin Gaining This Much Traction? To answer this, we need to go back to basics and explore what money is, how money has evolved and how Bitcoin stacks up against other forms of money.
Please note that we have recently been made aware of instances where unauthorised individuals have attempted to impersonate one or more of our Financial Advisors on social platforms, specifically Telegram, to encourage the sale of Bitcoin and Cryptocurrency schemes.
We want to take this opportunity to emphasise that Seed Investments communicates with our clients exclusively through our official telephone and email channels only, and that we will never contact you or attempt to offer any form of advice to you via any social platforms.
Please be advised that we do not engage in the trading or selling of Bitcoin or any other Cryptocurrencies. If you receive communication from any other platform claiming to represent Seed Investments or offering investment opportunities within these schemes, we kindly request you to treat such attempts as spam.
In the event that you encounter such unsolicited communication, we urge you to lodge a formal complaint with the Financial Sector Conduct Authority (FSCA) on 0800 313 626 / 0800 203 722 or send an email to fsca@behonest.co.za.
Thank you for your continued trust and partnership,