CRYPTOCURRENCY: NEED FOR AN HOUR?

People have traded in physical assets from the time of early-man. Those assets today are in the form of printed bills or coins governed by a centralized authority such as government and tracked by financial institutions. But in 2009, a gush of virtual currency rode into the globe giving people an...

Sarb plans to introduce regulations on the use of digital currencies

Specifically, the South African Reserve Bank (Sarb) plans to introduce regulations on the use of digital currencies, or bitcoins, in an attempt to prevent them from being used to circumvent currency controls.

Sarb Deputy Governor Kuben Naidoo announced last week that the rules would be ...