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Governor of the South African Reserve Bank: If the United States starts hoarding Bitcoin, South Africa is unlikely to follow suit

Governor of the South African Reserve Bank: If the United States starts hoarding Bitcoin, South Africa is unlikely to follow suit

Bitget2025/01/22 13:23

The Governor of the South African Reserve Bank, Lesetja Kganyago, stated that if the United States begins to hoard Bitcoin, it is unlikely that South Africa will follow suit. He questioned the merits of this decision, stating that South Africa is more focused on the practicality of Central Bank Digital Currencies (CBDC) and blockchain technology rather than using Bitcoin as a means of storing value.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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