South African Reserve Bank

Total 6 Posts

Relaxation of the South African Exchange Control Rules is finally happening

The long-anticipated relaxation of the South African Exchange Control Rules relating to "loop" structures and investment was released on the 4th of January 2021. Here is everything you need to know.

Regulation will help grow Bitcoin adoption in South Africa

Not all regulation is bad as can be witnessed with the South African Reserve Bank's proposed regulation of cryptocurrencies.

South African Reserve Bank concluded a successful blockchain proof of concept

The South African Reserve Bank (SARB) has concluded a 14-week blockchain proof of concept trial for an interbank clearance and settlement system. Named Project Khokha, the blockchain solution is built on Quorum, an Ethereum-based enterprise blockchain platform created by investment bank JPMorgan. The blockchain proof of concept was performed in

Cryptocurrencies are cyber tokens says South Africa's central bank

The South African Reserve Bank (SARB) continues to provide policy guidance on cryptocurrencies and how they should be treated in the Southern Afrikan country. In one of its latest statements, South Africa's central bank said that it considers cryptocurrencies as "cyber tokens" as they dont meet the criteria

South African Reserve Bank establishes a FinTech unit to advice on policy

The South African Reserve Bank (SARB) has established a FinTech unit to research and recommend policy frameworks for the FinTech sector, among other responsibilities. The announcement was made by Francois Groepe, Deputy Governor of the South African Reserve Bank, at the 13th BCBS-FSI high-level meeting for Africa earlier in 2018.

TerraPay Obtains Approval From The South African Reserve Bank To Launch Cross-Border Money Transfers

TerraPay has obtained approval from the South African Reserve Bank to launch cross-border money transfer services in South Africa. Terrapin is the world's first mobile payments switch. "As per a report from FinMark trust, the bulk of remittance flows from South Africa are destined for Zimbabwe, Mozambique and Lesotho,