Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets.
Bitcoin not a currency? South Africa to regulate crypto as financial asset
South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.
South Africa finishes technical PoC for wholesale CBDC settlement system
The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.
South Africa’s central bank begins preliminary study for retail CBDC
The South African Reserve Bank has begun exploratory studies on central bank digital currencies.
South Africa’s Central Bank Proposes Rules for Crypto Companies
Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.
Startup Bringing Blockchain Privacy to Central Banks Wins $15 Million Funding
Blockchain startup Adhara, which aims to bring zero knowledge proofs to central bank systems, has secured $15 million in new funding from Consensys.
South Africa’s Central Bank Claims Success in Blockchain Payment Trial
South Africa Reserve Bank indicates that tests of a blockchain-based system for interbank clearance and settlement produced astonishing results.