South Africa Plans to Embrace Digital Payments and Blockchain for Greater Financial Inclusion

South Africa Plans to Embrace Digital Payments and Blockchain for Greater Financial Inclusion

South Africa’s latest annual budget unveils a strategic plan by the treasury to enhance digital payment adoption. This initiative includes a thorough evaluation of stablecoins and blockchain technology, aiming to enrich the lives of marginalized communities. The 2024 budget review underscores the urgency of structural reforms and the improvement of public financial management, with a […]

CBDCs on the horizon: The current state of CBDC initiatives around the world

CBDCs on the horizon: The current state of CBDC initiatives around the world

Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]

South Africa’s central bank wants to regulate cryptos, possibly issue a CBDC

Source: Seeking Alpha South Africa’s central bank is seeking to regulate cryptocurrencies and possibly issue a central bank digital currency at a time when the decentralized space is getting increasingly scrutinized by regulators across the globe. For crypto, “Our view has changed and we now regard it as a financial asset and we hope to regulate […]

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