South Africa Proposes Strict Crypto Regulatory Framework

South Africa’s financial regulators recommended cryptocurrency “remain without legal tender status” in a Tuesday roadmap outlining what could become the nation’s first comprehensive crypto laws. According to the policy paper by South Africa’s “Intergovernmental Fintech Working Group” (IFWG), the burgeoning crypto asset sector – one survey suggests 10.7 percent of South African internet Read more…

Facebook’s vision for a new cryptocurrency gets watered down as it attempts to woo regulators

Facebook’s cryptocurrency project is taking a new, scaled-down approach as transactions increasingly take place online during the coronavirus pandemic. The Libra Association, an independent group organized by Facebook to manage the libra crytocurrency, said it now plans to offer stable coins backed by just one nation’s currency in addition to its coins Read more…

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