‘CBDCs are potentially useful,’ says Standard Bank’s chief executive
However, he does not share the same optimism about privately generated cryptocurrencies.
South Africa
Crypto exchange Luno works with South African advertising board to issue new rules for crypto adverts
The clause seeks to protect South African consumers against unethical advertising in the crypto industry.
Top South African retail store now accepts payments in bitcoin across all branches
Pick n Pay’s decision to accept bitcoin payments come amidst an increasingly crypto-friendly posture from the South African government.
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
Binance Charity to provide free Web3 training to women in rural South Africa
The training will cover topics such as cryptocurrencies, blockchain fundamentals, Web3, coding, the metaverse, and decentralization.
South Africa adds crypto businesses to ‘list of accountable institutions’
Crypto entities join banks, estate agents, and dealers in foreign currency on the list of accountable institutions in South Africa.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.