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South Africa News

Latest South Africa News

Ripple powers Absa digital asset custody launch in Africa
News
Read more - Ripple powers Absa digital asset custody launch in Africa

Ripple powers Absa digital asset custody launch in Africa

Ripple technology now powers Absa Digital Asset Custody, giving institutional clients in South Africa bank-grade digital asset safeguards.
South Africa crypto firms pause R2.2 billion in deals over exchange controls - 3
News
Read more - South Africa crypto firms pause R2.2 billion in deals over exchange controls

South Africa crypto firms pause R2.2 billion in deals over exchange controls

South African crypto companies have put at least R2.2 billion in deals on hold as proposed exchange control rules threaten to restrict how digital assets can be used for cross border transactions, according to people familiar with the matter. People…
South Korea investors seek two-year crypto tax delay
News
Read more - South Korea investors seek two-year crypto tax delay

South Korea investors seek two-year crypto tax delay

A 50,000-signature petition seeks another South Korean crypto tax delay as officials prepare to impose the 22% levy in January 2027.
South Africa proposes reporting rules for cross border crypto transfers - 4
News
Read more - South Africa proposes reporting rules for cross border crypto transfers

South Africa proposes reporting rules for cross border crypto transfers

South Africa has proposed new rules requiring cross-border crypto transfers to pass through authorized providers and be reported to the central bank, expanding the country’s effort to bring digital assets under its financial control framework. According to local media, South…
South Korea sets July deadline for tokenized securities rules - 5
News
Read more - South Korea sets July deadline for tokenized securities rules

South Korea sets July deadline for tokenized securities rules

South Korea’s FSC plans July tokenized securities rules before a 2027 rollout covering stocks, bonds, MMFs and fractional assets.
South Africa draft rules put crypto under capital controls.
News
Read more - South Africa moves to pull crypto into strict capital flow rules

South Africa moves to pull crypto into strict capital flow rules

South Africa’s 2026 capital flow draft recasts crypto as “capital,” tightening FX controls with declarations, approvals and sanctions as Africa’s biggest market matures. South Africa’s National Treasury has released its Draft Capital Flow Management Regulations for 2026, a sweeping overhaul…
CBDC rollout slows as countries hit pause, reevaluate risks - 6
Follow-up
Read more - CBDC rollout slows as countries hit pause, reevaluate risks

CBDC rollout slows as countries hit pause, reevaluate risks

The South African Reserve Bank has postponed CBDC plans, choosing instead to prioritize payment system modernization.
South Africa shelves retail CBDC plans as central bank focuses on wholesale use cases.
News
Read more - South Africa shelves retail CBDC plans as central bank focuses on wholesale use cases 

South Africa shelves retail CBDC plans as central bank focuses on wholesale use cases 

South Africa does not have a “strong immediate need” for a central bank digital currency (CBDC) for the time being, according to the country’s central bank. The South African Reserve Bank has published a position paper on the viability of…
South African Reserve Bank flags crypto and stablecoins as financial risk - 7
News
Read more - South African Reserve Bank flags crypto and stablecoins as financial risk

South African Reserve Bank flags crypto and stablecoins as financial risk

The South African Reserve Bank warns that booming local crypto and stablecoin use, paired with regulation gaps, could threaten financial stability. The South African Reserve Bank has identified cryptocurrency assets and stablecoins as a material financial stability risk, according to…
Ghana to introduce crypto regulations by the end of 2025
News
Read more - Ghana to introduce crypto regulations by the end of 2025

Ghana to introduce crypto regulations by the end of 2025

Ghana’s central bank plans to introduce crypto regulations by the end of 2025 after advancing a related bill to the parliament. During an appearance at the International Monetary Fund’s meetings in Washington on Thursday, Bank of Ghana’s governor, Johnson Asiama,…
Africa crypto adoption
News
Read more - Africa’s crypto economy balloons 52% as Chainalysis tracks $205b flows

Africa’s crypto economy balloons 52% as Chainalysis tracks $205b flows

Persistent inflation and limited access to hard currencies are the unlikely accelerants behind the boom. For many, crypto is not an investment choice but a necessary tool for preserving savings and accessing global markets. According to the latest Chainalysis data,…
Binance Pay partners with South Africa's Zapper
News
Read more - Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

Binance Pay is now live across Zapper’s extensive payment infrastructure, turning everyday QR codes at over 31,000 merchants into crypto on-ramps. The move strategically positions digital assets at the heart of routine consumer spending. According to a blog post dated…
VERA and cheqd to launch secure messaging for business, powered by blockchain
News
Read more - VERA and cheqd to launch secure messaging for business, powered by blockchain

VERA and cheqd to launch secure messaging for business, powered by blockchain

South Africa-based Vera is launching a blockchain-based verifiable communications for businesses.
Blockchain.com eyes African expansion amid crypto rule changes
News
Read more - Blockchain.com eyes African expansion amid crypto rule changes

Blockchain.com eyes African expansion amid crypto rule changes

Blockchain.com appears to be betting on Africa’s crypto future, where regulations could transform a once-restrictive market. Crypto wallet and exchange platform Blockchain.com is reportedly looking to grow in Africa as some countries begin introducing regulations for digital assets, Bloomberg reports.…
South Africa’s DeFi sector to reach $180 million by 2028, the study finds
Feature
Read more - South Africa’s DeFi sector to reach $180 million by 2028, the study finds

South Africa’s DeFi sector to reach $180 million by 2028, the study finds

While Africa is often seen as the cradle of crypto adoption, the largest economy on the continent, South Africa, is one of the leading countries in the region in terms of crypto adoption and regulation. The new report published by…
South African public firm Altvest Capital seeks $10m to adopt Bitcoin as treasury asset: report
News
Read more - South African public firm Altvest Capital seeks $10m to adopt Bitcoin as treasury asset: report

South African public firm Altvest Capital seeks $10m to adopt Bitcoin as treasury asset: report

The Johannesburg-headquartered Altvest Capital is seeking regulatory approval to raise $10 million, to make Bitcoin its primary reserve asset. Altvest Capital is planning to become the first listed company in Africa to adopt Bitcoin (BTC) as its primary treasury reserve…