South Africa’s Central Bank ‘Paves Way’ for Crypto Clients
South Africa’s Central Bank said that customers with digital assets shouldn’t be banned “en masse.” South Africa’s central bank said that banks can now deal with funds linked to digital assets and shouldn’t block all crypto clients randomly. The South African Reserve Bank (SARB) said in new guidelines released this week that banks in the […]
South African Reserve Bank completes technical PoC for implementing its CBDC
The South African Reserve Bank (SARB) has completed a technical proof-of-concept (PoC) initiative, further work would be taken to study the findings from the project and then used to establish its central bank digital currency (CBDC). Project Khokha 2 (PK2) is the follow-up to SARB’s Project Khokha (PK1), which was launched in 2018. It used […]