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3232South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
https://www.digit.info/south-african-finance-minister-seeks-to-stop-pension-funds-from-investing-in-cryptocurrencies/
Mon, 01 Nov 2021 09:46:04 +0000https://www.digit.info/2021/11/01/south-african-finance-minister-seeks-to-stop-pension-funds-from-investing-in-cryptocurrencies/Read more]]>South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants […]
]]>Fintech Firm Centbee Graduates From South African Regulatory Sandbox
https://www.digit.info/fintech-firm-centbee-graduates-from-south-african-regulatory-sandbox/
Fri, 24 Sep 2021 12:00:06 +0000https://www.digit.info/2021/09/24/fintech-firm-centbee-graduates-from-south-african-regulatory-sandbox/Read more]]>Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims […]
]]>Central Bank Governor: South Africa’s Digital Currency Study Ongoing
https://www.digit.info/central-bank-governor-south-africas-digital-currency-study-ongoing/
Sat, 31 Jul 2021 17:00:10 +0000https://www.digit.info/2021/07/31/central-bank-governor-south-africas-digital-currency-study-ongoing/Read more]]>South African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kganyago suggested his organization has embarked on this study to keep abreast with the growing trend of central banks […]
]]>South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations
https://www.digit.info/south-africa-bank-blocks-clients-from-buying-crypto-on-binance-exchange-rejects-allegations/
Wed, 23 Jun 2021 08:30:27 +0000https://www.digit.info/2021/06/23/south-africa-bank-blocks-clients-from-buying-crypto-on-binance-exchange-rejects-allegations/Read more]]>A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a text message informing them of the suspension of online payments made to leading crypto exchange, Binance. Binance’s Alleged […]
]]>Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework
https://www.digit.info/johannesburg-stock-exchange-rejects-bitcoin-etf-application-cites-lack-of-regulatory-framework/
Mon, 14 Jun 2021 08:00:53 +0000https://www.digit.info/2021/06/14/johannesburg-stock-exchange-rejects-bitcoin-etf-application-cites-lack-of-regulatory-framework/Read more]]>South Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that […]
]]>South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers
https://www.digit.info/south-africa-working-group-releases-new-position-paper-calling-for-regulation-of-crypto-asset-providers/
Sun, 13 Jun 2021 05:30:38 +0000https://www.digit.info/2021/06/13/south-africa-working-group-releases-new-position-paper-calling-for-regulation-of-crypto-asset-providers/Read more]]>South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […]
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants […]
Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims […]
South African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kganyago suggested his organization has embarked on this study to keep abreast with the growing trend of central banks […]
A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a text message informing them of the suspension of online payments made to leading crypto exchange, Binance. Binance’s Alleged […]
South Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that […]
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […]