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
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
Brian Quarmby
2021-06-24T02:36:41+01:00
27707
News
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
Marie Huillet
2021-06-14T10:38:54+01:00
8207
News
“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
Turner Wright
2021-06-11T17:30:00+01:00
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News
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
Osato Avan-Nomayo
2021-05-25T14:30:36+01:00
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Event Recap
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
Gareth Jenkinson
2021-03-22T13:29:05+00:00
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Expert Take
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
Selva Ozelli
2021-03-20T13:07:00+00:00
7099
News
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
South African crypto firms warn opaque regulations are harming the industry
Brian Quarmby
2021-03-09T05:31:09+00:00
14276
Follow up
South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets.
South Africa learns a hard crypto lesson amid fast growing demand
Gareth Jenkinson
2021-02-09T12:36:40+00:00
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