Central South African Bank Will Experiment With Bitcoin Regulation
The central South African bank is partnering with a blockchain-based solutions provider to experiment with digital currency regulations. This may bring digital currencies like Bitcoin further into the mainstream and legitimize their use.
South African Bitcoin Experiment
The South African Reserve Bank, which functions as the country’s central bank, is partnering with blockchain-based solutions provider Bankymoon to experiment with digital currency regulations. Bankymoon will serve as a “sandbox business” as the team works with Bitcoin and other cryptocurrencies with the ultimate goal of understanding and legitimizing the growing adoption of cryptocurrency.