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3232South African Financial Sector Regulator Declares Crypto Assets a Financial Product
https://www.digit.info/south-african-financial-sector-regulator-declares-crypto-assets-a-financial-product/
Thu, 20 Oct 2022 07:30:41 +0000https://www.digit.info/2022/10/20/south-african-financial-sector-regulator-declares-crypto-assets-a-financial-product/Read more]]>According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital […]
]]>South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
https://www.digit.info/south-african-professor-accuses-central-bank-official-of-spreading-misinformation-that-damages-crypto-industry/
Wed, 03 Aug 2022 08:00:29 +0000https://www.digit.info/2022/08/03/south-african-professor-accuses-central-bank-official-of-spreading-misinformation-that-damages-crypto-industry/Read more]]>A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are […]
]]>Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say
https://www.digit.info/regulation-of-cryptocurrency-in-south-africa-should-not-scare-away-investors-experts-say/
Sat, 30 Jul 2022 10:30:10 +0000https://www.digit.info/2022/07/30/regulation-of-cryptocurrency-in-south-africa-should-not-scare-away-investors-experts-say/Read more]]>Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into South Africa while growing the country’s burgeoning crypto ecosystem.” Crypto as a […]
]]>South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset
https://www.digit.info/south-african-central-bank-now-considers-cryptocurrency-to-be-a-financial-asset/
Fri, 15 Jul 2022 09:30:34 +0000https://www.digit.info/2022/07/15/south-african-central-bank-now-considers-cryptocurrency-to-be-a-financial-asset/Read more]]>The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. A Safer Crypto Ecosystem […]
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital […]
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are […]
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into South Africa while growing the country’s burgeoning crypto ecosystem.” Crypto as a […]
The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. A Safer Crypto Ecosystem […]