South Africa is ready to accept Bitcoin and other crypto-currencies

in #bitcoin8 years ago (edited)

According to the Governor of South African Reserve Bank, Lesetja Kganyago at the Cybersecurity Conference

Johannesburg 23 August 2016, he is speaking that.. "As a central bank, we are open to innovations despite the different opinions of regulators on matters such as crypto-currencies. We are willing to consider the merits and risks of block-chain technology and other distributed ledgers" 

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Lesetja Kganyago clearly indicated that desert of South Africa is now ready to accept digital currencies such as Bitcoin, litecoin, dogecoin, Bitshare, Ripple, Stellar, Ethereum, Ethereum Classic and other much more crypto-currencies.

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Bitcoin acceptance by sovereigns will probably start and grow among small and developing nations before the G20 states pick it up as a legit currency.

Yea you are right, I thinking too, Not only Bitcoin but other altcoins also considers as currencies not objects or property

what does he mean by "accept" is what we all need to know...

http://www.forbes.com/sites/kellyphillipserb/2016/07/27/miami-judge-rules-that-bitcoin-is-not-money/

not only Florida but mostly countries and states of United States and other countries are scare of altcoins that their economy will be damages if they accept Bitcoin and other altcoions, I think it's not true