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South Africa’s Pro-Bitcoin Stance Is Boosting Innovation In Africa’s Largest Economy

Category: Bitcoin, Business, News, Regulation

South Africa’s Pro-Bitcoin Stance Is Boosting Innovation In Africa’s Largest Economy

South African regulators have taken a positive stance towards Bitcoin and are thereby contributing to the creation of a favorable environment for bitcoin and blockchain startups to flourish. In a white paper published by the South African Reserve Bank in December 2014, South Africa’s central bank stated that, while cryptocurrencies (referred to as Decentralized Convertible Virtual Currencies in the paper)…

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