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South Africa makes bold moves to regulate crypto assets

The Intergovernmental Fintech Working Group releases a paper which takes the position that the country should begin to regulate the crypto-currency markets.


Central bank digital currencies poised to disrupt market

Consultancy firm PwC predicts central bank digital currencies will have the biggest disruptive impact over the next 20 years.


SARB studies feasibility of central bank digital currency

The process will include electronic legal tender for general-purpose retail use, complementary to cash, says the South African Reserve Bank.


SARB’s new debit order system comes into effect soon

The Reserve Bank prepares for South Africa's new debit order system that will come into effect on 1 May.


Reserve Bank seizes R20m from Gupta-owned Sahara

National Treasury issues an order for the South African Reserve Bank to seize R19.6 million from the Gupta-owned Sahara Computers.

Feb 22, 2021

SA traders expect more regulation as Bitcoin rally continues

Local crypto players strongly believe the higher digital currency prices will lead to faster regulatory developments in the country.

Feb 12, 2021

SA banks to trial second phase of SARB's blockchain project

Absa, First National Bank, Nedbank and Standard Bank are among the entities that will explore the use of digital currency, as part of the Project Khokha 2 project.

Oct 15, 2020

SARB grants Bank Zero forex exchange licence

SA’s newest digital-only bank, Bank Zero, is appointed as a restricted authorised dealer in forex exchange by the South African Reserve Bank.

Sep 11, 2020

Crypto exchange AltCoinTrader drags ‘bullying’ Absa to court

The local crypto-currency exchange takes the big four bank to court for allegedly putting pressure on Zapper to close the exchange’s account.


Financial services attacked more than any other industry

ITWeb's Security Summit, taking place from 25 to 28 August as a virtual event, will have a strong focus on cyber security in the financial services sector.


Move to regulate crypto-currency gains pace in SA

The recently-established Intergovernmental Fintech Working Group drafts a policy position paper on crypto assets.

Apr 8, 2020

SA regulators form intergovernmental fintech hub

Six regulatory bodies create an Intergovernmental Fintech Working Group Innovation Hub, to respond to the changes in the financial sector.

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