Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025 – Africa Bitcoin News

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According to Gerhard van Deventer, the South African central bank is 'currently progressing with an internal project to consider the way forward.' cbdc cryptoassets

Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

To achieve this, the SARB and its partners have conducted experiments whose objective was to understand and identify the risks as well as the benefits of distributed ledger technology . Project Khokha and Project Khokha 2 are among theIn one of the experiments, the SARB is said to havea general-purpose retail central bank digital currency . The South African central bank similarly explored wholesale and multi-CBDCs and according to Deventer, the bank is now interested in finding a way forward.

Tshabalala noted however that questions still remain about the role of central banks should CBDCs become widely used. He said:

 

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The unofficial Race has began. Will truth prevail BTC, or the LemmingEffect “CBDC/FedNow” pushed by mainstream outlets? I hope humanity can see through the smokescreen.

with no pegging on gold is suck maybe

I lost my phone and I don’t have access to my GA I also forget my password Could anyone please help me?

🤡it’s always for your security, the scamdemic plan, the covid scam it’s for your health security and other, get a bio weapon jab, now get CBDC for your security! slaves

Nice, I also listen to ChiefraFba for signals and analysis!

All countries have some time to work on it

Ecash xec has personal features, what happens if it is used for paying bribes and other things on the black market

Good for them. But I better use Ownr wallet for my coins

I already have perfect Ownr wallet. All safe there

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