Is South Africa Finally Accepting Cryptocurrency?

Is South Africa Finally Accepting Cryptocurrency?

A huge investment firm in South Africa has finally announced that it will launch a cryptocurrency exchange in the country.

Summary:
– Sygnia Asset Management is one of the biggest firms in South Africa.
– The planned launch of the cryptocurrency market in the country is set to be at the latter part of this year.
– Sygnia Asset Management currently has R180.6 billion in total assets.

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With a whopping total asset of R180.6 billion, or equivalent to $14.5 billion, Sygnia Asset Management is no doubt one of the biggest firms in South Africa. For Sygnia to launch a cryptocurrency platform, is a huge step for the digital exchange market.

The plan of launching cryptocurrency in South Africa is set to take place late this year. The digital exchange will be called “SygniaCoin”. The CEO of Sygnia, Magda Wierzycka, admits that the cryptocurrency market is evolving very rapidly. Their company plans to evolve and change together with it, and they hope to attract more clients in the local and international platforms.

Read more here – https://www.ccn.com.