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South Africa News

South Africa has the second largest economy in Africa, with large agricultural and tourism sectors. It also has a high poverty rate and is one of the top 10 countries for income inequality. The South African population is widely diverse and South African news indicates there are numerous racial, cultural and ethnic conflicts. Still, South Africa is considered, potentially, to be one of the most developed African countries in terms of their economy, infrastructure and investment strategies. South Africa haven’t provided any legal status or regulatory framework concerning cryptocurrencies until 2018, when the South African Revenue Service released a statement, saying cryptocurrency would be a taxable object. The South African Reserve Bank is working with blockchain-based solutions provider Bankymoon to test new cryptocurrency regulations.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The Reserve Bank of South Africa has classified cryptocurrencies as “cyber-tokens,” because they don’t conform to the definition of money

South Africa’s Central Bank Calls Crypto ‘Cyber-Tokens’, Not Currency

2018-05-25T02:58:00+01:00

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The kidnappers of a 13-year-old boy in South Africa have demanded a “non-negotiable” ransom of 15 BTC, worth around $120,000.

South Africa: Gang Kidnaps 13 Year Old Boy, Demands Ransom of 15 Bitcoins

2018-05-23T16:55:00+01:00

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Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies.

Banks and Cryptocurrencies Global Evaluation: Africa

Christina Georgacopoulos

2018-05-10T16:50:00+01:00

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The South African Reserve Bank will establish a self-regulatory organization to oversee digital currency and fintech developments.

South Africa’s Central Bank To Establish Self-Regulatory Body To Oversee Crypto Industry

2018-04-07T00:44:00+01:00

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Singapore is actively experimenting with Blockchain technology to see its true possibilities

Singapore’s Government Blockchain Experiment Is a Road to Regulatory Understanding

2018-02-20T16:15:00+00:00

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South African president resigns under cloud of financial scandal that involved several banks.

South African President Steps Down as Banks Embrace Blockchain Technology

2018-02-16T09:29:00+00:00

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Just like regulators are starting to take action, the tax man is catching up to the crypto world.

The Tax Man is Finally Catching Up On the Crypto Market

2018-02-01T01:06:00+00:00

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The next wave of mainstream adoption could have the banks and traditional institutions all mulling over cryptocurrencies.

Cryptocurrencies Occupying Minds of Banks and Regulators

2018-01-15T15:55:00+00:00

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