Crypto Nation Competition Heats Up

6. South Africa, the «Crypto Cape»?

The country at the southern tip of Africa has long pushed itself as a favorable location with a flexible regulatory framework for investors. The South African Reserve Bank (SARB) confirmed the unregulated status of crypto currencies as long ago as 2014. Since 2017, the SARB has also cooperated with the blockchain service provider Bankymoon to create the regulatory framework for crypto currencies.

Like Mauritius, South Africa is pursuing the «sandbox» principle for blockchain startups, so it can use the appropriate regulation to enable easier access for this potential business sector. South Africa can certainly use foreign investment, with its economy in steady decline.