Despite the fact that queries and searches related to bitcoin have dropped by 93% since December 2017, due to the massive correction that dipped bitcoin by one-third of its price, South Africans, according to google, are leading the world when it comes to bitcoin queries.
South Africa which has a population of 56million people has high potentials of embracing bitcoin, with this remarkable data. Paxful, a crypto exchange and wallet, announced earlier this year, that 70% of bitcoin traders in south africa are youths under 30. This is a positive insight for the future of bitcoin and altcoins.
There are speculations to regulation of bitcoin and altcoins in south africa, but so far so good, focus has been on tax on earnings from cryptotradings.
Cryptofrica would bring you more insight