Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.
BRICS nations' state-owned development banks plan to research blockchain technology for international transactions and other products.
South Africa Reserve Bank indicates that tests of a blockchain-based system for interbank clearance and settlement produced astonishing results.
The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.
As much as $50 million may have been lost by an international group of investors after putting their money into a bitcoin investment group.
South Africa's central bank has launched a program that will trial JPMorgan's Quorum blockchain for interbank clearing and settlement.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year, but is thus far declining to roll out a broader option.
A senior official for the South African Reserve Bank has spoken of the risks for the institution in launching its own cryptocurrency.
Nearly every major financial institution in South Africa has gathered to chart the country's path towards possible large-scale blockchain adoption.
The governor of South Africa's central bank struck a positive note on blockchain earlier this month.