Customers of Johannesburg-based bank Absa received an error message when attempting to buy crypto on Binance.
The South African Reserve Bank said it will carry out trials on different technology platforms for the study.
Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.
Blockchain startup Adhara, which aims to bring zero knowledge proofs to central bank systems, has secured $15 million in new funding from Consensys.
South Africa Reserve Bank indicates that tests of a blockchain-based system for interbank clearance and settlement produced astonishing results.
South Africa's central bank has launched a program that will trial JPMorgan's Quorum blockchain for interbank clearing and settlement.
South African banks and regulators are teaming up on blockchain.