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South African Reserve Bank

FATF adds Nigeria, South Africa to dirty money grey list
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2 March, 2023

FATF adds Nigeria, South Africa to dirty money grey list

FATF says Africa’s two largest economies must do better to fight money laundering, with both countries decrying the listing as...
South African Reserve Bank promotes digital assets-friendly behavior from financial institutions
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24 August, 2022

South African Reserve Bank promotes digital assets-friendly behavior from financial institutions

The Prudential Authority, the arm of the SARB that oversees financial institutions, urges banks to adopt a risk assessment approach...
South Africa completes second phase of wholesale CBDC trials
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16 April, 2022

South Africa completes second phase of wholesale CBDC trials

Project Khokha 2 involved the country’s top banks, which experimented on a wCBDC for interbank payments settlement, but SARB says...
Bitcoin not a currency? South African central bank governor thinks so
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4 September, 2021

Bitcoin not a currency? South African central bank governor thinks so

The governor of the South African Reserve Bank claimed digital currencies don’t meet the 3 criteria that define a currency...
South Africa central bank launches feasibility study for retail CBDC
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28 May, 2021

South Africa central bank launches feasibility study for retail CBDC

The South African Reserve Bank has launched a study on the feasibility of a central bank digital currency (CBDC) as...
South Africa to introduce crypto regulations in Q1 2019
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2 December, 2019

South Africa to introduce crypto regulations in Q1 2019

South Africa to introduce crypto regulations in Q1 2019