Cape Town Crypto News: What’s Happening Right Now?

If you’re in Cape Town or just follow African crypto, you’ll want the freshest updates without wading through endless articles. Below you’ll find the most useful bits: new projects launching in the Mother City, any regulatory moves that could affect your tokens, and upcoming meet‑ups you might want to attend.

Local Projects and Start‑ups Making Waves

In the past month a handful of Cape Town‑based teams have rolled out pilots that could change how South Africans use blockchain. One example is TablePay, a platform that lets small merchants accept crypto payments via a simple QR code. The team says they’ve already onboarded 200 shops in the CBD, and users report faster checkout times and lower fees than traditional card processors.

Another buzzworthy effort is ZuluChain, which is building a public ledger for land‑title verification. The project is still in testnet, but local authorities have signed a memorandum of understanding, signalling that the government might back a blockchain‑based registry. If successful, it could cut years of paperwork into minutes.

Regulatory Updates You Can’t Miss

The South African Reserve Bank (SARB) released a draft policy last week that clarifies tax treatment for crypto gains. The main take‑away: individuals who hold crypto for over a year could qualify for a reduced capital‑gains rate, similar to long‑term stock investments. This is big news for Cape Town traders who were unsure how to report profits.

Besides tax, the Financial Sector Conduct Authority (FSCA) announced a new licensing requirement for crypto exchanges operating in the country. Existing platforms must apply for a “regulated market participant” licence by the end of the year. Most Cape Town exchanges have already started the paperwork, but it’s worth keeping an eye on the deadline.

Lastly, the City of Cape Town’s tourism board announced a partnership with a blockchain ticketing startup to combat scalping at major events. The pilot will launch at the upcoming Cape Town International Jazz Festival, offering fans a tamper‑proof way to buy tickets directly from the organizers.

Keeping tabs on these developments helps you stay ahead, whether you’re an investor, developer, or just curious about crypto’s impact on the city.

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