A recent study found that more than 10% of South African Internet users have cryptocurrencies that are twice the global average. 25% of young South Africans have cryptocurrencies, the highest level in the world. The increase in the use of cryptocurrency in South Africa reflects the challenges and opportunities facing the country. The South African government is open to the use of cryptocurrencies, and South African Finance Minister Tito Mboweni has said that the regulatory framework for blockchain assets should be released before the end of this year. Many South African crypto-exchanges are booming without government intervention, and corporate acceptance of cryptocurrencies is rising.