South African Reserve Bank (SARB)

South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry

Post author:MiamiCrypto
Post published:August 3, 2022
Post category:Asset Class Blockchain Transactions Chainalysis Cryptocurrency regulation Featured illicit transactions Kuben Naidoo South African Reserve Bank (SARB)Steven Boykey Sidley

A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also…

South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan

Post author:MiamiCrypto
Post published:July 17, 2022
Post category:crypto regulatory framework Crypto tax Financial Advisory and Intermediary Services (FAIS) Act KYC Regulation South Africa crypto investors South African Reserve Bank (SARB)Tax Consluting SA tax evasion

South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months —…

South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

Post author:MiamiCrypto
Post published:July 15, 2022
Post category:anti-money laundering cross border transactions cryptocurrency regulatory framework Emerging Markets exchange control regulations financial asset Kuben Naidoo South African Reserve Bank (SARB)

The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which…

South African Central Bank Governor: Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets

Post author:MiamiCrypto
Post published:April 9, 2022
Post category:distributed ledger technology (DLT)Financial Markets financial stability Lesetja Kganyago Project Khokha Regulation South African Reserve Bank (SARB)tokenisation Tokenization

The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger…

South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’

Post author:MiamiCrypto
Post published:August 30, 2021
Post category:Blockchain Cryptocurrency Emerging Markets Fintech Lesetja Kganyago medium of exchange Regulation South African Reserve Bank (SARB)Store of value

The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as…