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.
AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.”
South African asset manager denies stealing billions from users, claims $5M was lost in hack
Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack?
$3.6B in Bitcoin vanishes in ‘hack’ along with owners of South African crypto platform
Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies.
South Africa to revise national policy position on cryptocurrency
“What we have seen with Bitcoin is price manipulation by one very powerful and influential individual," said Magda Wierzycka.
Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump
The South African Reserve Bank has begun exploratory studies on central bank digital currencies.
South Africa's central bank begins preliminary study for retail CBDC
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.
Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
Africa’s solarized digitalization agenda in the time of coronavirus