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A report published by the pan-African bank, Ecobank Transnational Inc., has found that despite cryptocurrencies exerting a notable presence in each of the 36 African countries in which the company operates, only South Africa and Swaziland have adopted a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies. Also Read: The ICO Market Has Hit the … Read more
In recent news pertaining to cryptocurrency exchanges, it has been reported that Goldman Sachs is considering exploring custody and other services pertaining to cryptocurrencies; a South African exchange has introduced Tether pairings in the hopes of driving down the local premium on crypto prices through offering arbitrage opportunities to foreign traders; and Blockex has announced … Read more
Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed. According to regional … Read more
Five major banks from each BRICS member state have agreed to conduct a joint study of blockchain tech implementation Go to Source Powered by WPeMatico
There’s a new bitcoin cash (BCH)-focused wallet called Centbee that recently launched its alpha testing version on the Google Play store. The Johannesburg-based Centbee’s wallet is a bit different than most light clients as it offers a simplistic user interface, with plans to provide an in-wallet buy and sell feature, and merchant payments service that … Read more
A recent study shows that South Africans are generally positive about cryptocurrencies, with 38 percent of respondents wishing they had invested in it Go to Source Powered by WPeMatico
South African financial company Purple Group has confirmed the addition of two cryptocurrencies, bitcoin and ethereum, to its online trading platform. According to a representative, the decision came in response to strong demand from clients earlier this year. The move has expanded the trading options for South Africans, many of whom, according to a recent … Read more
Today’s Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. A company now offers crypto payments for inmates in prisons across America. And in South Africa, a new token will support rhino conservationists, … Read more
South Africa’s Central Bank has successfully implemented a Proof-of-Concept for an interbank payment system that tokenizes fiat using an Ethereum-based blockchain Go to Source Powered by WPeMatico
Crypto exchange Golix is entering three other African markets in an effort to survive the ban imposed by the central bank in its home country – Zimbabwe. Moreover, the troubled trading platform claims the move is part of a strategy to offer its services across the whole continent. Golix says the shortage of infrastructure has … Read more
