South Africa

High Cost Slows Down Bitcoin ATM Growth in Africa

There are more than 4,000 bitcoin automated teller machines (ATMs) in the world, but only just about 10 (or 0.2…

Local Media: Iran Reportedly in Talks With 8 Countries to Use Crypto Transactions

Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports…

Report by South Africa’s Reserve Bank Makes Strides Toward Crypto Clarity in the Country

A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public…

South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper

The South African Reserve Bank (SARB) has issued a consultation paper assessing the benefits and risks of cryptocurrencies. The paper,…

South Africa Wants to Mandate Registration of Crypto Service Providers

A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto…

South Africa’s Central Bank Proposes Rules for Crypto Companies

Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank. In…

Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam

South Africa’s national cricket organization briefly fell victim to scammers on Twitter and began offering a fake Bitcoin (BTC) lottery,…

Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies

The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on…

BIS: 70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans

A new report published on Jan. 8 by the Bank for International Settlements (BIS) has found that seventy percent of…

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