South Africas central bank is choosing to call cryptocurrencies like bitcoin as cyber-tokens rather than currencies, arguing they do not meet the requirements of money.
The South African Reserve Bank (SARB), the countrys central bank, prefers to see cryptocurrencies as tokens rather than currencies according to deputy governor Francois Groepe.
As things stand, the authority has not outlined any policies or a regulatory framework for the cryptocurrency sector. Even so, the central banks current outlook could lead toward an official policy sometime in the future.
More here,
https://www.ccn.com/cryptocurrency-is-a-token-we-wont-call-it-a-currency-south-africas-central-bank/