The Johannesburg Stock Exchange in South Africa rejected an application for the Sygnia Bitcoin ETF, saying the cryptocurrency has no regulatory authority.

South Africa's Johannesburg Stock Exchange (JSE) Bitcoin News declined to list a new Bitcoin exchange rate (ETF) requested by wealthy regulator Signia. JSE says the cryptocurrency has no regulations. It was announced that this would be Sygnia's second attempt to register a crypto ETF, and in 2017 a similar request was rejected by the JSE because the exchange was not yet ready. In addition, according to previous reports, the IFWG CAR working group in South Africa has flagged potential data oversight on crypto potential in three key areas: cross-border investments.