Global Stock News

Economist Dawie Roodt Warns South Africans May Drop Local Currency as Crypto Rules Tighten

Economist Dawie Roodt Warns South Africans May Drop Local Currency as Crypto Rules Tighten

Key Takeaways

The Push Toward Decentralized Tech

South Africa’s continued reliance on exchange controls will push citizens toward cryptocurrencies and stablecoins unless the system is dismantled, Efficient Group director and chief economist Dawie Roodt has said. He said the blockchain technology has already made it easier and cheaper for people to move money across borders while giving them more…

Source link

Share this article

Scroll to Top