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South Africa

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...
South African Reserve Bank promotes digital assets-friendly behavior from financial institutions
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24 August, 2022

South African Reserve Bank promotes digital assets-friendly behavior from financial institutions

The Prudential Authority, the arm of the SARB that oversees financial institutions, urges banks to adopt a risk assessment approach...
South Africa’s digital assets taxation regime poses challenges to investors, legal expert says
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13 August, 2022

South Africa’s digital assets taxation regime poses challenges to investors, legal expert says

The South African Revenue Service defines digital assets as all items stored on a distributed ledger on decentralized networks, including...
Monero’s Riccardo ‘Fluffypony’ Spagni released from custody in South Africa
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21 July, 2022

Monero’s Riccardo ‘Fluffypony’ Spagni released from custody in South Africa

The former Monero lead maintainer was extradited to South Africa from the U.S. earlier this month to face over 370...
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