South Africa Rules out Foreign Stablecoins as Payment Tools to Curb Dollarization

South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Kripto Still Excluded From Legal Tender Durum South African regulators have reiterated that cryptocurrencies and stablecoins are neither money as defined in the country’s National Odemeler System Act nor funds, and are therefore not legal tender. In a joint statement, the […]