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South Africa: Concluded Project Khokha Phase 2

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Description

Concluded Project Khokha Phase 2

On 6 April 2022, Phase 2 of Project Khokha was concluded. The South African Reserve Bank (SARB) issued a summary project report outlining the policy and regulatory implications of wholesale central bank digital currency, wholesale digital settlement token, security token, and decentralised DLT-based token trading platform.

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Scope

Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
DLT development
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2018-06-05
under deliberation

On 5 June 2018, the South African Reserve Bank (SARB) launched “Project Khokha”, a proof of concept…

2020-08-10
concluded

On 10 August 2020, the South African Reserve Bank's (SARB) Phase 1 of Project Khokha was concluded …

2021-02-11
under deliberation

On January 2021, Phase 2 of Project Khokha was launched by the South African Reserve Bank (SARB) to…

2022-04-06
concluded

On 6 April 2022, Phase 2 of Project Khokha was concluded. The South African Reserve Bank (SARB) iss…