The South African reserve bank is urging engagement between the country's policymakers regarding blockchain

mylesillidge

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Reserve bank wants engagement on cryptocurrency regulation

South African policymakers, legislators and regulators need more engagement with the fintech industry before distributed-ledger technology can be incorporated into the nation's financial markets, according to a new report by the central bank and the Intergovernmental Fintech Working Group.

A distributed ledger is a digital record of transactions and contracts maintained in a decentralised form across different locations. The technology underpins cryptocurrencies such as Bitcoin and is being experimented with in large parts of the global financial system.
 
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