CBDCs are useful but are not an immediate priority — SARB
The bank sees no need to deploy a retail CBDC anytime soon, but it will explore wholesale options.
Crypto Regulation
Bitcoin is South Africa’s most preferred crypto asset — SARB report
Adoption is on the rise, but with increased adoption comes financial stability risks that the bank is now looking to counteract.
South Africa reiterates crypto and stablecoin risks amid rising use
SARB said the absence of a complete regulatory framework for crypto assets and stablecoins remains a key vulnerability in South Africa’s financial system.
Morocco publishes proposed rules to regulate cryptocurrency
The new rules establish a licensing regime for VASPs and bring them under the purview of BAM and AMMC
USD stablecoins can undermine African monetary sovereignty — SARB Governor
Lesetja Kganyago says he is unconvinced by the supposed stability of USD-pegged stablecoins and believes their backing can be called into question
Nigerians prefer crypto investments and gambling to the capital market — SEC DG
Emomotimi Agama said the country is missing out on substantial investments because Nigerians avoid investing in the Nigerian capital market.
Kenya’s crypto industry reacts as VASP Act becomes law
Stakeholders are saying the Act is a step in the right direction, as it provides legal backing to an ecosystem long in the shadows.