Regulatory organizations in South Africa are looking for new mechanisms for the national payment system (NPS) and consider cryptocurrency as part of it, according to the country's government website. The country's reserve bank (SARB) and the National Treasury seek to change a set of infrastructures and mechanisms within the NPS that help transfer money between legal entities and individuals. The law on the national payment system, which was adopted in 1998, looks outdated today. Regulators invite all interested parties to discuss the new bill. It will be adopted taking into account global trends and will cover those ... (full story)