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South African Reserve Bank to Classify Crypto As Financial Asset
source link: https://nextbigwhat.com/south-african-reserve-bank-to-classify-crypto-as-financial-asset/
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South African Reserve Bank to Classify Crypto As Financial Asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation.
Cryptocurrency use in South Africa is in a healthy space, with around 13% of the population estimated to own some form of cryptocurrency according to research from global exchange Luno.
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