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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

A mob has burned down the house of Sphelele Mbatha, the manager of an alleged crypto Ponzi scheme, Bitcoin Wallets.

Mob Burns Down Purported Crypto Ponzi Schemer’s House in South Africa

2019-07-11T21:01:00+01:00

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Zimbabwean and South African bitcoin traders are facing a major surcharge on the coin.

No, Bitcoin Isn’t Really Selling for $76,000 in Zimbabwe: Analysts

2019-07-02T10:14:00+01:00

21556

Standard Bank will launch its private permissioned blockchain for overseas exchange trades with the participation of its Ugandan partner.

South Africa’s Standard Bank to Launch Permissioned Blockchain for Overseas Exchange Services

2019-02-28T16:16:00+00:00

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Iran is reportedly in negotiations with eight countries to use cryptocurrencies for international transactions.

Local Media: Iran Reportedly in Talks With 8 Countries to Use Crypto Transactions

2019-01-30T11:38:00+00:00

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The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country.

Report by South Africa's Reserve Bank Makes Strides Toward Crypto Clarity in the Country

Gareth Jenkinson

2019-01-22T17:10:00+00:00

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South African central bank has issued a jointly developed consultation paper, revealing that it does not intend to ban crypto.

South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper

2019-01-17T22:50:00+00:00

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The cricket organization’s official Twitter account was compromised for several hours, but attackers appeared to make just $70.

Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam

2019-01-14T07:47:00+00:00

7328

A new report from the BIS has found that 70 percent of central banks are conducting research into central bank digital currencies.

BIS: 70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans

2019-01-08T12:44:00+00:00

6892