South Africa Postpones Retail CBDC Plans, Focuses on Wholesale Utility
The South African Reserve Bank (SARB) has shelved immediate plans for a retail CBDC, concluding there is no strong, immediate need for this instrument.
South Africa’s Central Bank Warns on Crypto Assets and Stablecoins
This concern cited by the South African Reserve Bank is driven by the growing user base and the borderless nature of digital assets, which can be used to bypass Exchange Control Regulations.
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