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South Africa has become one of the unlikely crypto hubs in the continent. Along with other markets including Nigeria, he country has seen a boom in crypto traders. Despite the positive reception to crypto, the state remains concerned due to the significant number of crypto traders evading tax bills and failing to reveal profits and assets to the South African Revenue Service. This has prompted the South African Revenue Service to ramp up its efforts…

China has officially joined the R3 consortium as the china foreign exchange system has been admitted. Controlled by the Central bank of the Peoples republic of china CFETS, the foreign exchange systems addition signals the beginning of Chinese involvement to introduce blockchain technology in the remittance industry. While many other countries are slowly making advances into the foray of blockchain technology, the R3 consortium aims to build international connections to work on blockchain solutions for…

The blockchains reach is far and wide but on a global stage it appears to have conquered Myanmar. Working in partnership with local exchanges, it has been reported that the Daiwa Securities Group alongside Yangon Stock Exchange, major securities exchange in Japan, are currently testing out their new blockchain based trading service. The blockchain has remained an extremely flexible infrastructure paving way for insurance and securities applications. Currently the Yangon Stock exchange aims to iron out…