News
Speaking at the World Economic Forum in Davos, Switzerland, economist Vera Songwe pointed to remittances and inflation hedging as key drivers of stablecoin use across Africa.
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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.
- News
India wants BRICS members to discuss linking their CBDCs for trade and tourism at a future summit, according to a Reuters report.
4106 - Analysis
The IMF and South Africa’s central bank are still concerned about stablecoins, while in the US, spot crypto products can now be traded on futures markets.
3226 - News
The South African Reserve Bank found no short-term need for a retail CBDC, saying wholesale or cross-border uses should be explored instead.
2801 - News
The bank cited increasing trading volume and the number of users at large exchanges, as well as gaps in South Africa’s regulatory framework on crypto.
3247 - Analysis
Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns.
4528 - News
Ripple has partnered with South Africa’s Absa Bank to provide digital asset custody services, expanding its institutional custody network across Africa.
4911 - News
A new integration allows South Africans to spend Bitcoin, stablecoins and other crypto directly at more than 650,000 merchants nationwide.
3914 - Opinion
Hoarding Bitcoin kills adoption. Real monetary revolution requires spending it like money, not treating it as digital gold to never touch.
5867 - News
Africa has its first Bitcoin treasury company, but its utility goes far deeper than publicly-listed stocks tied to BTC holdings on a balance sheet.
6636 - News
The Hedera Africa Hackathon 2025 will bring together over 10,000 people across more than 20 cities with $1 million in prizes to support blockchain ideas in Africa.
6784 - Profile
There are few places on Earth as Bitcoin-friendly as the scenic Garden Route in South Africa, where Bitcoin circular economies have blossomed.
4001 - News
An “unauthorized modification” made to the chatbot’s response prompt made Grok go off the rails, according to Elon Musk’s AI firm.
3043 - News
The USDC issuer expands further into Africa, joining forces with Onafriq to pilot stablecoin settlements across 40 countries and 200 million bank accounts.
9476 - News
Binance will require South African users to provide sender and receiver details for deposits and withdrawals starting April 30.
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