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.
South Africa
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.
South Africa’s Discovery Bank to support crypto transactions with Luno integration
Users can track crypto and fiat balances on one platform and seamlessly move funds between their Luno wallets and fiat accounts.
New South African stablecoin goes live on Luno
Dubbed the ZAR Supercoin, the stablecoin designed and developed by New York-listed Super Group, is backed by cash reserves in Absa bank.
Why Yellow Card shuttered its retail business
Yellow Card told Mariblock that the decision was driven by strong, growing demand for stablecoin-fiat payment services.
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