Rand stablecoin issuers want treasury’s revised crypto rules to treat their tokens as payments, not capital.
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Enoch Godongwana says the draft cross-border rules need “a different approach” and a second version is coming.
FNB has added crypto trading to its share platform with VALR, from as little as R10.
Luno’s submission on the cross-border crypto draft questions its consistency with South Africa’s IMF commitments.
Eskom wants to sell surplus power to bitcoin miners, but energy regulator Nersa’s paper leaves key questions open.
A leading digital bank has joined the Catastrophe coalition, saying crypto rules should target activities, not technology.
VALR, Luno, AltCoinTrader and EasyEquities have joined a coalition fighting treasury’s proposed cross-border crypto ban.
The Bank has told TechCentral it is still engaging on crypto assets, including stablecoins, as an industry campaign builds.
A rand stablecoin built for corporate treasuries has been launched just as Pretoria moves to fence those treasuries off.
Barring South African companies from moving crypto assets across the country’s borders will backfire, VALR has warned.