Browsing the "South Africa" Tag

BRICS Bank Consortium to Research Blockchain Applications

| Nikhilesh De

BRICS nations' state-owned development banks plan to research blockchain technology for international transactions and other products.

South Africa’s Central Bank Claims Success in Blockchain Payment Trial

| Wolfie Zhao

South Africa Reserve Bank indicates that tests of a blockchain-based system for interbank clearance and settlement produced astonishing results.

Normal Tax Rules Apply to Crypto Income, Says South Africa

| Wolfie Zhao

The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.

$50 Million Gone? South African Police Probe Suspected Bitcoin Ponzi

| Nikhilesh De

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 Eyes JPMorgan Blockchain Tech

| Wolfie Zhao

South Africa's central bank has launched a program that will trial JPMorgan's Quorum blockchain for interbank clearing and settlement.

Pick n Pay Double Take? The Supermarket Chain Isn’t Accepting Bitcoin, It Tested It

| Rachel Rose O'Leary

South Africa's second-largest supermarket chain tested bitcoin payments earlier this year, but is thus far declining to roll out a broader option.

south africa, rand

South Africa’s Central Bank: It’s ‘Too Risky’ to Launch a Cryptocurrency

| Stan Higgins

A senior official for the South African Reserve Bank has spoken of the risks for the institution in launching its own cryptocurrency.

Johannesburg, South Africa

South Africa’s Financial Power Players Are Going All-In on Blockchain

| Michael del Castillo

Nearly every major financial institution in South Africa has gathered to chart the country's path towards possible large-scale blockchain adoption.

SARB Chief: Blockchain Could Bring Financial Access to Millions of People

| Stan Higgins

The governor of South Africa's central bank struck a positive note on blockchain earlier this month.

‘Sovereign’ Blockchains Will Change Monetary Policy, Bank Paper Argues

| Stan Higgins

A new research paper published by South Africa’s FirstRand Bank argues blockchains could revolutionize central banking.