Tag: South Africa

Ecobank Report Finds Significant Presence of Crypto in 36 African Countries

Emerging Markets A report released by the pan-African lender, Ecobank Transnational Inc. , has discovered that although cryptocurrencies exerting a noteworthy presence in every one of those 36 African countries where the business operates, just South Africa and Swaziland have embraced a “generally favorable and permissive [regulatory] stance” pertaining to cryptocurrencies. The report claims “Many […]

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Officials in South Africa Propose VAT-Exemption for Bitcoin Trades

Economy & Regulation Cryptocurrencies are becoming more widespread to taxpayers living in South Africa and within the last year bitcoin interest stemming from the area has increased exponentially. Furthermore, only lately the South African Treasury has suggested several amendments that are pertinent to the nation’s Taxation Laws Amendment Bill (TLAB) and the way cryptocurrencies are […]

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BRICS Bank Consortium to Research Blockchain Applications

A consortium of state-owned growth banks intend to study blockchain technologies for global trades and other goods, Russia-established Vnesheconombank stated Thursday. Vnesheconombank, the Brazilian Development Bank, the Export-Import Bank of India, the China Development Bank along with also the Development Bank of Southern Africa signed an agreement to conduct research on how they could use […]

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SA Purple Group Confirms Adding Cryptos to Its Online Trading Platform

Finance South African monetary firm Purple Group has confirmed the addition of two cryptocurrencies, bitcoin and ethereum, to its on-line buying and selling platform. According to a consultant, the choice got here in response to sturdy demand from purchasers earlier this 12 months. The transfer has expanded the buying and selling choices for South Africans, […]

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