trade cryptocurrency south africa

cryptocurrencies are not influenced by these macro fundamental data which in essence will make the price action much easier to be read. Forex volatility has fallen to near record-lows in the past 10 years to less than 1, while Bitcoin has had extreme volatility readings of 30 with an average volatility reading. Cryptocurrencies are a great alternative to traditional cash money and are already referred to as the new Gold standard. Governments should create the necessary supply-side push for such transactions by creating the supporting infrastructure, bringing positive change with regulations, and promoting non-cash transations to create a conducive environment for digital transactions to grow, the report warned. Anirban Bose, CEO of Capgeminis Financial Services, said it is critical for banks to find ways to tap into cryptocurrencies and other non-cash payment methods if they are to remain relevant. Read More Getting started on your trading journey. Cryptocurrencies are here to stay and are gaining popularity with Forex traders. Read More Altcoins and expanding your portfolio. In April, the bank announced plans to create guidelines for cryptocurrency markets in the country. On Monday, Standard Bank said it is looking to establish a number of events to help explain the benefits and risks of cryptocurrency and the blockchain.

Trade cryptocurrency south africa
trade cryptocurrency south africa

The central banks of Kenya and Nigeria have both likened cryptocurrencies to a pyramid scheme. In this module I share some of the sources and people who have been a wealth of knowledge and have guided me over the years on my trading journey. Read More What is cryptocurrency? Although the regulator does not recognize cryptocurrency as legal tender, it has not prevented trade in such. Also read: African Cryptocurrency Exchanges Forced to Step-Up Security. This probably emanates from the fact that digital transactions from financial institutions and mobile money can be more easily traced than cash, hence can allow law enforcement agents to investigate and prosecute the suspicious transactions. Developing markets are seen growing.6 percent, led by Asia.8 percent over the next five years. Mature markets maintained steady growth of more than 7 percent in the period under review. What do you think about the cryptocurrency landscape in Africa?