Tag: exchange control regulations

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South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

July 15, 2022

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…
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South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022

February 26, 2022

The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers…
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