South Africa’s stablecoin regulation is gaining attention as the country’s central bank speaks openly about the risks linked to digital assets, particularly stablecoins. This comes at a time when stablecoins are increasingly used for everyday transactions. These include payments and settlements across Africa. Our recent article on Ozow Expanding Crypto Payments in South Africa highlights this trend. In the past few days, officials from the South African Reserve Bank (SARB) issued public warnings. They highlighted potential financial and systemic risks from the growing use of stablecoins. This marks a shift from passive observation to active regulatory engagement. It also suggests…
Read More