UTC-05:00,Sunday , August 25th 2019

Crypto to Get Regulatory Certainty in South Africa in Payment System Review

05:53 Thursday , December 06th 2018
Authorities in South Africa are seeking comments on proposed policy changes that could, among other things, offer cryptocurrencies regulatory certainty.
Per the South African Reserve Bank (SARB) and the National Treasury, an overhaul of the national payment system (NPS), a set of infrastructures and arrangements which allow the transfer of funds between individuals and entities, is needed as the legislation backing the system. The National Payment System Act 78 of 1998 is outdated.
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