The Reserve Bank is keeping a watchful eye on developments in stablecoin legislation in the US and elsewhere.
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The Reserve Bank’s plan to overhaul the payments ecosystem should help expand participation by fintechs.
Crypto exchange Luno says this classification will lead to increased institutional investment and greater tax collection.
DA federal chair Helen Zille is bullish about bitcoin but has said it shouldn’t be used in South Africa’s strategic reserve.
Inflation came in lower than expected for December, with another interest rate cut next week now seen as likely.
Instant payments are key to growing the regional economy, but the use of the US dollar adds unnecessary costs.
The Reserve Bank is working to drive financial inclusion by digitising cash and making instant payments across borders an everyday reality.
Financial inclusion requires that non-banks be able to clear and settle payments, the Reserve Bank has told TechCentral.
FNB now facilitates real-time cross border payments in South Africa, Namibia, Lesotho and Eswatini.
The rand has further room to strengthen if government pushes ahead with reforms: Reserve Bank’s Lesetja Kganyago.