{"id":1055,"date":"2016-08-23T16:22:00","date_gmt":"2016-08-23T16:22:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/08\/south-africa-bank-will-open-to-blockchain.html"},"modified":"2023-01-08T05:52:52","modified_gmt":"2023-01-08T03:52:52","slug":"south-africa-bank-will-open-to-blockchain","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html","title":{"rendered":"South Africa Bank will open to blockchain"},"content":{"rendered":"<div style=\"text-align: justify;\">According to a new announcement, <b><a href=\"http:\/\/www.resbank.co.za\/Pages\/default.aspx\">South Africa Bank<\/a> will open to blockchain and digital currencies.<\/b><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">During <a href=\"http:\/\/www.resbank.co.za\/Publications\/Speeches\/Detail-Item-View\/Pages\/default.aspx?sarbweb=3b6aa07d-92ab-441f-b7bf-bb7dfb1bedb4&amp;sarblist=a01d874c-c3f6-4b93-a9dc-c984cf8652cf&amp;sarbitem=477\">a recent speech<\/a> at a <b>cybersecurity event<\/b> organized in Johannesburg, <b>governor Lesetja Kganyago<\/b> revealed that the South Africa Bank will open to blockchain and other innovations.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Kganyago, who works at the Central Bank since 2014, commented that the South Africa Reserve Bank wants to use technologies that could help the bank to execute their mandate more effectively.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Kganyago explained in his speech:<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;As a central bank, we are open to innovations despite the different opinions of regulators on matters such as cryptocurrencies. We are willing to consider the merits and risks of blockchain technology and other distributed ledgers.&#8221;<\/i><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This news came after <a href=\"http:\/\/www.resbank.co.za\/RegulationAndSupervision\/NationalPaymentSystem(NPS)\/Legal\/Documents\/Position%20Paper\/Virtual%20Currencies%20Position%20Paper%20%20Final_02of2014.pdf\">a position paper<\/a> released a few years ago about digital currencies and blockchain use cases.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h3 style=\"text-align: justify;\">South Africa Bank Whitepaper on Digital Currencies<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">On this paper, the bank warned local consumers about the risks of using digital currencies such as money laundering and cyber fraud. However, it marked that it &#8220;does not oversee, supervise or regulate the VC landscape&#8221;.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Also, other institutions in South Africa revealed that they want to study and test the distributed ledger not only for fintech applications.<\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>According to a new announcement, South Africa Bank will open to blockchain and digital currencies. During a recent speech at a cybersecurity event organized in Johannesburg, governor Lesetja Kganyago revealed that the South Africa Bank will open to blockchain and other innovations. Kganyago, who works at the Central Bank since 2014, commented that the South [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,101,229,600,601,684],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Africa Bank will open to blockchain -<\/title>\n<meta name=\"description\" content=\"South African bank announces plans to adopt blockchain and digital currencies. Explore the potential impact on the financial industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa Bank will open to blockchain\" \/>\n<meta property=\"og:description\" content=\"South African bank announces plans to adopt blockchain and digital currencies. Explore the potential impact on the financial industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-23T16:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-08T03:52:52+00:00\" \/>\n<meta name=\"author\" content=\"Satoshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/holytransaction\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Satoshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html\",\"name\":\"South Africa Bank will open to blockchain -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"datePublished\":\"2016-08-23T16:22:00+00:00\",\"dateModified\":\"2023-01-08T03:52:52+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\"},\"description\":\"South African bank announces plans to adopt blockchain and digital currencies. Explore the potential impact on the financial industry.\",\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Africa Bank will open to blockchain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction&#039;s Blog - Your crypto blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/holytransaction.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\",\"name\":\"Satoshi\",\"sameAs\":[\"https:\/\/holytransaction.com\",\"https:\/\/facebook.com\/holytransaction\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/holytransaction\"],\"url\":\"https:\/\/holytransaction.com\/blog\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"South Africa Bank will open to blockchain -","description":"South African bank announces plans to adopt blockchain and digital currencies. Explore the potential impact on the financial industry.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html","og_locale":"en_US","og_type":"article","og_title":"South Africa Bank will open to blockchain","og_description":"South African bank announces plans to adopt blockchain and digital currencies. Explore the potential impact on the financial industry.","og_url":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html","article_publisher":"https:\/\/facebook.com\/holytransaction","article_author":"https:\/\/facebook.com\/holytransaction","article_published_time":"2016-08-23T16:22:00+00:00","article_modified_time":"2023-01-08T03:52:52+00:00","author":"Satoshi","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/holytransaction","twitter_site":"@holytransaction","twitter_misc":{"Written by":"Satoshi","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html","url":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html","name":"South Africa Bank will open to blockchain -","isPartOf":{"@id":"https:\/\/holytransaction.com\/blog\/#website"},"datePublished":"2016-08-23T16:22:00+00:00","dateModified":"2023-01-08T03:52:52+00:00","author":{"@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69"},"description":"South African bank announces plans to adopt blockchain and digital currencies. Explore the potential impact on the financial industry.","breadcrumb":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/holytransaction.com\/blog\/2016\/08\/south-africa-bank-will-open-to-blockchain.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/holytransaction.com\/blog"},{"@type":"ListItem","position":2,"name":"South Africa Bank will open to blockchain"}]},{"@type":"WebSite","@id":"https:\/\/holytransaction.com\/blog\/#website","url":"https:\/\/holytransaction.com\/blog\/","name":"","description":"HolyTransaction&#039;s Blog - Your crypto blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/holytransaction.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69","name":"Satoshi","sameAs":["https:\/\/holytransaction.com","https:\/\/facebook.com\/holytransaction","https:\/\/twitter.com\/https:\/\/twitter.com\/holytransaction"],"url":"https:\/\/holytransaction.com\/blog\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1055"}],"collection":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/comments?post=1055"}],"version-history":[{"count":2,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1055\/revisions"}],"predecessor-version":[{"id":3885,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1055\/revisions\/3885"}],"wp:attachment":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/media?parent=1055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/categories?post=1055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/tags?post=1055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}