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South Africa

South Africa to stamp out unethical digital asset ads with new advertising rules
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27 January, 2023

South Africa to stamp out unethical digital asset ads with new advertising rules

South Africa’s ads watchdog worked with industry stakeholders to develop the new clause which requires VASPs to tell users they...
Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review
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4 January, 2023

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia...
Africa must regulate the digital asset industry, IMF says
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1 December, 2022

Africa must regulate the digital asset industry, IMF says

IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for...
BIS: African central banks pushing for CBDCs, but their motivation differs from other regions
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30 November, 2022

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks...
South Africa declares digital assets to be financial products
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24 October, 2022

South Africa declares digital assets to be financial products

The Financial Sector Conduct Authority now classifies digital assets as digital representations of value built on DLT, the first step...
Travel Rule now applies to VASPs in South Africa, but Centbee has been ready for years
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1 September, 2022

Travel Rule now applies to VASPs in South Africa, but Centbee has been ready for years

The Travel Rule has focused on banks, but a recent amendment has broadened it to include VASPs, and as Centbee...
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