crypto News Africa

Can Bitcoin be the Answer to Africa’s Crumbling Financial System?

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Can Bitcoin be the Answer to Africa's Crumbling Financial System?

Since its inception in 2008, the most prominent cryptocurrency, Bitcoin, has been met with widespread skepticism throughout the majority of the world. It is difficult for governments to accept this innovative form of money because it appears to be a scheme to make quick money, and many people believe that due to its complexity, it’d … Read more

Central Bank of South Africa Tells Local Banks to Collaborate With Crypto Exchanges

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Central Bank of South Africa Has Tells Local Banks to Collaborate With Crypto Exchanges

Local commercial banks have been explicitly instructed by the South African Reserve Bank, also known as the Central Bank of South Africa, to collaborate with cryptocurrency exchanges and crypto asset service providers (CASPs). On Thursday, the Central Bank of the country issued a guidance letter to commercial banks regarding how they should handle transactions involving … Read more