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Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise

Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears RiseThe Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there might be a devaluation […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say

Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts SayTwo experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into South Africa while growing the country’s burgeoning crypto ecosystem.” Crypto as a […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

Central Bank Governor: South Africa’s Digital Currency Study Ongoing

Central Bank Governor: South Africa’s Digital Currency Study OngoingSouth African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kganyago suggested his organization has embarked on this study to keep abreast with the growing trend of central banks […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers

South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset ProvidersSouth Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […]

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years