SARB – DIGIT INFO

Bitcoin not a currency? South Africa to regulate crypto as financial asset

DIGIT — Wed, 13 Jul 2022 11:19:38 +0000

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.

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South Africa finishes technical PoC for wholesale CBDC settlement system

DIGIT — Fri, 08 Apr 2022 07:34:44 +0000

The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.

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South African Central Bank Warns Citizens Against Accepting Tainted Banknotes

DIGIT — Tue, 20 Jul 2021 08:30:38 +0000

A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink. Increasing Circulation of Stained Banknotes According to an EWN report, the South Africa Reserve Bank (SARB) has also […]

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South Africa’s central bank begins preliminary study for retail CBDC

DIGIT — Tue, 25 May 2021 13:30:36 +0000

The South African Reserve Bank has begun exploratory studies on central bank digital currencies.

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Report: Emerging Markets See Sharp Growth in Cashless Transactions

DIGIT — Fri, 19 Oct 2018 05:59:38 +0000

South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered. Also read: African Cryptocurrency Exchanges Forced to Step-Up […]

The post Report: Emerging Markets See Sharp Growth in Cashless Transactions appeared first on Bitcoin News.

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SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”

DIGIT — Sat, 26 May 2018 08:33:50 +0000

Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into […]

The post SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens” appeared first on Bitcoin News.

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Crypto Self-Regulation Deemed Likely in South Africa

DIGIT — Fri, 06 Apr 2018 18:00:58 +0000

A “self-regulatory approach” has been mentioned as a likely solution for the South African crypto sector. A non-government body could adopt rules and implement industry standards. The central bank in Pretoria is expected to formulate the policy framework. Also read: Steps towards Self-Regulation in Croatia and Slovenia Premature Regulation Throttles Growth The South African Reserve […]

The post Crypto Self-Regulation Deemed Likely in South Africa appeared first on Bitcoin News.

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