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South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies
The Minister of Finance of South Africa, Tito Mboweni, explained in a letter on Jan. 2 that the region’s government has created a regulatory working group dedicated to cryptocurrencies. According to Mboweni, the working group includes representatives from multiple South African agencies and aims to produce a comprehensive regulatory response to the growing digital asset […]
The post South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies appeared first on Bitcoin News.
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US Dollar Losing Dominance as a Means for Settling Transactions in Africa
The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.2 billion transacted via the US dollar than they did with their local currencies […]
The post US Dollar Losing Dominance as a Means for Settling Transactions in Africa appeared first on Bitcoin News.
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Africa and its Antiquated Banking: Cryptocurrencies The Solution?
Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […]
The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.
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