South Africa’s central bank has announced that it will be retreat from the retail CBDC race-at least for now. In a paper released on Thursday, the South African Reserve Bank (SARB) said that there is currently no immediate need for a central bank digital currency, despite it being technically feasible.
XingChiIn October 2024, South African Reserve Bank Governor Lesetja Kganyag delivered the opening speech at the Payments Conference in Johannesburg, which laid out the past, present and future of the paradigm shift in South African payments.
JinseFinanceSouth Africa's endeavor to license 60 crypto platforms signifies a pivotal moment in the nation's regulatory landscape. While the process aims to ensure compliance and consumer protection, challenges remain, particularly concerning banking services and regulatory clarity.
Cheng YuanSouth Africa's FSCA to license 50 crypto providers, becoming Africa's first country with mandatory digital asset exchange licenses. Aimed at consumer protection, applications faced a November 30, 2023 deadline.
Huang BoSouth Africa introduces FSP licenses, bolstering crypto market integrity and consumer protection.
BrianThe Financial Sector Conduct Authority (FSCA), has announced a new requirement for digital asset exchanges to secure licenses by year’s end.
nftnowIn a move to regulate the fast-growing crypto industry, South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), has ...
BitcoinistCryptocurrency regulation in South Africa seems to have become a reality and will set a pathway to maintain compliance in ...
BitcoinistCourt filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday.
CointelegraphThe 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.
Cointelegraph