Africa Bitcoin Corporation Faces Regulator

JohannesburgAfrica Bitcoin Corporation’s entire bitcoin treasury is 5.5331 coins, disclosures show.

South Africa’s financial regulator debarred three insiders for 20 years in August over 2022 market manipulation.

Its core business is small-business lending, funded by overseas loans at under 4% secured against its bitcoin.

Warren Wheatley and Akshay Karan are contesting the debarment while a second probe, into April and May 2026 trading, is open.

How each outlet framed it

Daily Maverick leans critical: traces the ABC/Altvest history from bitcoin-treasury pivot to its SME private-credit loan book (ACOF), arguing the core business has little to do with bitcoin