South Africa News

The move aims to integrate the second-biggest dollar-pegged stablecoin into regional payment networks to improve cross-border transactions and remittances.

The crypto brokerage said increasing demand across West Africa is driving its expansion as user activity grows across the Sub-Saharan region.

In an interview with Natalie Brunell on Coin Stories, Masie described Bitcoin as functional currency in parts of Africa amid rapid inflation and currency debasement.

Investigators say Raees and Ameer Cajee are back in South Africa years after Africrypt’s collapse, while investors still struggle to serve legal papers.

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.

India wants BRICS members to discuss linking their CBDCs for trade and tourism at a future summit, according to a Reuters report.

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.

The South African Reserve Bank found no short-term need for a retail CBDC, saying wholesale or cross-border uses should be explored instead.

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.

Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns.

Ripple has partnered with South Africa’s Absa Bank to provide digital asset custody services, expanding its institutional custody network across Africa.

A new integration allows South Africans to spend Bitcoin, stablecoins and other crypto directly at more than 650,000 merchants nationwide.

Hoarding Bitcoin kills adoption. Real monetary revolution requires spending it like money, not treating it as digital gold to never touch.

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.

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.