South Africa

South Africa to explore stablecoins for digital payments
-
28 February, 2024

South Africa to explore stablecoins for digital payments

In its new budget proposal, South Africa pledged to explore stablecoins, blockchain, and the tokenization of real-world assets over the...
South Africa edging closer to issuing VASP licenses: FSCA official
-
13 February, 2024

South Africa edging closer to issuing VASP licenses: FSCA official

FSCA announced in 2023 that all VASPs in the country would be required to apply for a license as part...
South Africa shortlists 50 applicants for VASP licensing
-
31 January, 2024

South Africa shortlists 50 applicants for VASP licensing

While over 100 companies applied for the license, the FSCA only forwarded 50 companies to the licensing committee, with some...
Africa’s 2023 in review: Adoption soars, regulators catch up, and Bitcoin moves beyond speculation
-
26 December, 2023

Africa’s 2023 in review: Adoption soars, regulators catch up, and Bitcoin moves beyond speculation

Digital assets came of age in 2023, moving beyond speculation and impacting remittances and payments as regulators started getting a...
South Africa weighs licenses for 36 VASPs
-
6 December, 2023

South Africa weighs licenses for 36 VASPs

Of the 128 applications it has received, only 36 had met all the conditions and their licensing would be considered...
South Africa joins 47 countries to implement new digital asset taxation standards
-
13 November, 2023

South Africa joins 47 countries to implement new digital asset taxation standards

South Africa will implement the Crypto-Asset Reporting Framework standard by the OECD, which calls for automatic exchange of tax-relevant information...
Advertisement