Tag: Intergovernmental Fintech Working Group

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South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies

November 1, 2021

South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants…
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Fintech Firm Centbee Graduates From South African Regulatory Sandbox

September 24, 2021

Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims…
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