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Tag: Africa

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Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital
A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation, and is accepted by merchants. The Catalyst: Seizure of 1,680… Read full article
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South Africa Rules out Foreign Stablecoins as Payment Tools to Curb Dollarization
South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Crypto Still Excluded From Legal Tender Status South African regulators have reiterated that cryptocurrencies and stablecoins are neither money as defined in the country’s National Payments… Read full article
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