Banxso Exchange License Suspended – The Dark Side of Deepfakes in South Africa
Banxso Exchange License Suspension: The Financial Sector Conduct Authority (FSCA) in South Africa has provisionally suspended Banxso's financial services license due to allegations of overselling their trading platform and using misleading deepfake advertisements featuring prominent figures, leading to significant investor losses.
SARS Focus on Crypto Compliance: The South African Revenue Service (SARS) is intensifying efforts to ensure tax compliance among crypto users, collaborating with the FSCA and crypto service providers to track down non-compliant taxpayers and emphasizing the importance of declaring all forms of income, including cryptocurrencies.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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