South African Reserve Bank says bitcoin is not a legal tender because only the banks are capable and authorized by the South African Government to issue a legal tender.
Continuous regulatory governments involvement in bitcoin keeps on spiking up, due to the huge popularity that the cryptocurrency has gotten and went extremely mainstream.
The bank thinks that there are huge risks on cryptocurrencies, like for money laundering and legal uncertainty caused by lack of regulation.
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https://zycrypto.com/south-african-reserve-bank-bitcoin-not-legal-tender/Bitcoin isn't legal tender in almost any country on this planet.
That's no problem for continuing it's journey of user adoption, merchant adoptions and technological progress.
Bitcoin will continue to thrive, no matter what governments or central banks have to say. And they know this! Believe me! They know this!!
They can slow it down a bit, and spread FUD to get themselves as much BTC as possible, but they can not stop it.