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.
The South African Reserve Bank is reportedly going to impose new regulations for the use of digital currencies in a bid to deter crypto users from evading curre...
South African Central Bank to Reportedly Introduce New Crypto Regulations
Many African consumers are fed up with the status quo of local currencies and existing payment platforms — and believe crypto could be the answer.
Crypto in Africa: Opportunities and Challenges, Explained
FirstRand Bank has said it will no longer serve exchanges after March 2020, while at least one of those affected says it already has alternative arrangements in...
South Africa: Bank Drops Bitcoin Exchanges Citing ‘Regulatory Clarity’
The creation of a new cryptocurrency for BRICS member nations was discussed at the 11th annual BRICS Summit 2019.
BRICS Nations Discuss Creation of New Crypto For Unified Payment System
Authorities in Johannesburg are holding firm in their refusal to pay a ransom of 4 Bitcoin to hackers who targeted municipal systems last week.
Johannesburg Authorities Refuse to Pay Hackers’ Bitcoin Ransom
Hackers have compromised the website of the city of Johannesburg, South Africa, and demanded ransom in Bitcoin.
Hackers Breach Johannesburg’s Civil Website Demanding BTC Ransom
Computer scientist and general manager of WeWork South Africa Stafford Masie says that Bitcoin will change the future of humanity more than any other tech innov...
Ex-CEO of Google Africa: Bitcoin a ‘Gift’ That Will Change Humanity