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The South African Central Bank has formed a self-regulatory body for cryptocurrencies in lieu of formal competencies overseeing the crypto industry. Go to Source Powered by WPeMatico
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 … Read more
A Canadian businessman agreed to sell four gold castings of South African leader Nelson Mandela’s hands. For $10 million in bitcoin, a cryptocurrency firm launching an initial coin offering (ICO) has agreed to the purchase, promising a world tour of the art pieces in an effort to educate more people about Madiba’s legacy. Also … Read more
Nations forming the Group of 20 (G20) summit in Argentina this week issued Comunicado oficial de la primera reunión de ministros de Hacienda y presidentes de Bancos Centrales del G20, or first communication from the world’s central bankers concerning their work. The two page document is crammed with statements, and on the final page bankers … Read more
Economic uncertainty appears to have spurred a significant spike in the number of South African citizens engaging with bitcoin and cryptocurrency. As of this writing, South African Google searches for bitcoin currently comprising the highest in proportion to country among the top 66 countries by search traffic. Also Read: Physical Bitcoin Mining Hardware Store Bitmart Opens … Read more
Over the course of the past few weeks, cryptocurrency prices have been dropping in value. However, online interest is another trend plunging as well within the digital currency realm as Google Trends searches for the word “bitcoin” have descended to levels not seen since October of 2017. Also read: Japan’s DMM Bitcoin Exchange Opens for Business … Read more
Thirty-five countries and the European Commission have asked the Financial Action Task Force (FATF), responsible for setting global anti-money laundering (AML) policies, to revise its standards relating to cryptocurrencies. The organization promised to present its revised AML countermeasures for cryptocurrencies at the upcoming G20 meeting of finance ministers. Also read: Indians Look to Buy Bitcoin Overseas … Read more
Since 2016, Singapore’s Central Bank and its Monetary Authority have been working to create an experimental Blockchain solution to understand what this new technology could bring to the regulation-positive country Go to Source Powered by WPeMatico
Jacob Zuma corruption scandal damaged one of Africa’s biggest economies #EXPERT_TAKE Go to Source Powered by WPeMatico
Bitcoin might be magical internet money, but it has a very physical side in the form of the mining equipment needed to maintain the network. And if you’re someone that doesn’t like to leave an online trail or use a credit card for all your purchases, nothing beats a store IRL. That’s why bitcoin hardware … Read more
