South African Reserve Bank Archives

South Africa’s Central Bank Says It’s ‘Too Risky’ to Issue Digital Currency

Alan Draper Updated: 7 March 2023

The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin. …

South Africa’s Central Bank to Start Testing Digital Currency Regulations

admin Updated: 7 February 2019

The South African Reserve Bank (SARB) has announced that it will begin testing regulations for digital currencies such as bitcoin. During the first seven months of 2017, the digital currency market has experienced huge gains with slight drops in between. At the beginning of the year bitcoin was valued at $1,000; however, its price has …

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