Reserve Bank analyst says Bitcoin transparency is a myth
A public blockchain may show every transaction, but that does not make crypto-market statistics reliable or meaningful.
That is the view of Ayn du Bazane, a senior fintech analyst at the South African Reserve Bank, and chair of the IFWG...
DeFI revenue surging in South Africa
The Financial Sector Conduct Authority (FSCA) expects revenue from decentralised finance (DeFi) to reach R52.3 million in South Africa this year, with over R500 million total value locked in DeFi investments already.
However, the FSCA does not expect user...
With inflation recently spiking to 5.4%, based on your current financial health, can you survive another interest rate hike should a reserve bank hike by 0.25%?
https://www.news24.com/fin24/economy/just-in-inflation-falls-to-lowest-level-in-nearly-16-years-20200715
Hmmm - interest rates cut to historic lows, inflation now around 2.1% after a massive drop... Not very encouraging signs... :(
From AFP:
An investigation is underway into the origins of an e-mail depicting a fake R500 bank note design, the South African Reserve Bank said on Thursday.
“There is an e-mail going around that the SA Reserve Bank is about to introduce a big [R500] note… We are not planning a R500 note,”...
Can somebody please explain the difference? Clearly there is a different interest rate and with a Money Market there is always a min balance, but I’m interested in the security.
Is the savings account more secure?
Does the Reserve Bank underwrite accounts?
What if your chosen bank goes...