South Africa was the first African country to license cryptocurrency exchanges. In 2021, the country explored a separate regulatory framework for cryptocurrencies and plans to implement it by 2022, with the goal of introducing final regulations that year.
According to a report by Statista, the South African cryptocurrency market is expected to reach $246 million in revenue in 2024 with an annual growth rate (CAGR 2024-2028) of 7.86% and reach $332.90 million by 2028.
South African Cryptocurrency Market Revenue Expected to Reach $246 million in 2024
2024-09-22 11:47:23
South Africa the first crypto currency trading licensing Africa countrydesk3cryptocurrencydesktopCrypto News
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