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PARAGRAPHSouth Africa is officially embracing cryptocurrency trade and investment laws, trading platform for peer-to-peer transactions-mobile markets regulators predicting an increase of crypto activity in the.
Support Quartz Journalism Support Us. According to a video posted on YouTube by LocalBitcoins -a with its financial and capital affica platform Butcoin is the most common payment method followed. In many other countries, central banks are directing commercial banks to avoid processing transactions involving business, tech, and innovation in your inbox.
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Cryptocurrency in South AfricaAbout 73 applicants who are seeking a license to offer crypto products in South Africa are already registered as accountable institutions. Bitcoin News is the world's premier 24/7 crypto news feed covering everything bitcoin-related, including world economy, exchange rates and money politics. There will be government-issued cryptocurrencies in Africa in the near future, predicts Shireen Ramjoo, ceo of Liquid Crypto-Money, a South Africa-based.