MARKETS
Bitcoin-backed loans hit South Africa at 12%, bet on BTC or not?
Turlov Family Office Securities offers Bitcoin-backed loans at 12% in South Africa, allowing holders to borrow up to 50% of BTC value without selling. The product fills a gap left by traditional banks but carries high risk from crypto volatility and regulatory ambiguity. Investors should treat it as short-term liquidity, not a long-term solution.
