South Africa's crypto economy grew 52% to $39.3B in a bear market
- —Stablecoin inflows reached $14.6 billion, matching BTC
- —Business payments hit $8.34 billion, rising every quarter
- —Institutional inflows were $1.29 billion; FSCA licensed 310 providers
- —Draft rules require separate SARB approval for cross-border operations
Why it matters: Tighter rules could push flows into P2P channels and shrink volumes at licensed providers, mirroring Nigeria's experience.
Source: BeInCrypto IT