Tender Admin

Under the Financial Advisory and Intermediary Services (FAIS) Act, the South African Reserve Bank (SARB) has publicly said that crypto assets are financial assets. This is a big step toward regulation. The choice was made after SARB’s first warning about the volatile nature of the crypto asset market.

City Press | May 28

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South African regulators have now defined crypto as a financial asset. But what does it mean in practice?