NATIONAL NEWS - According to an article published on Moneyweb, Bloomberg reported that FSCA has defined crypto assets as “a digital representation of value” in a gazette notice published on Wednesday.
This was the first step required to bring crypto into the SA legal framework.
The article also states that “the South African Reserve Bank has been working with other regulators to recognise the coins as financial products in order to make them easier to monitor from a money-laundering and terror-financing perspective”.
Read the full article here on the Caxton publication, Moneyweb
