Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,638,754,928,735.61
  • 24h Vol: $76,346,067,693.27
  • BTC Dominance: 58.17%

South African Reserve Bank (SARB)

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Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Leave a Comment / Africa, Bitcoin, central bank digital currency (CBDC), Crypto Hacked, Cryptocurrency, Distributed Ledger Technology, Ethereum, Financial Sector Conduct Authority (FSCA), Gerhard van Deventer, Project Khokha, Sim Tshabalala, South African Reserve Bank (SARB), Standard Bank, tax evasion, tokenized deposits / / / , , , , , , , , , ,

Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using distributed ledger technology. Central Bank Considers Appropriateness of […]

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South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product

Leave a Comment / Africa, Bitcoin, crypto assets, Crypto Hacked, Cryptocurrency, Ethereum, FATF grey list, financial asset, International Monetary Fund (IMF), South African Reserve Bank (SARB) / / / , , , , ,

In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback

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