South African Central Bank eyes digital rand to cut cross-border payment costs

South African Central Bank eyes digital rand to cut cross-border payment costs
A digital rand in South Africa could cut the high cost of cross-border payments for banks, but a senior central bank official said its introduction is still a few years away. However, regulation of crypto assets is off and might come into force within nine to 15 months, South African Reserve Bank (SARB) Deputy Governor, […]

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