Reserve Bank to declare crypto a financial product, enabling trade on local exchanges | Fin24

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Reserve Bank to declare crypto a financial product, enabling trade on local exchanges | Fin24
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The SA Reserve Bank wants to develop a regulatory framework so that people can buy and sell crypto assets on local exchanges. | Fin24

In the next 12 to 18 months, South Africans may be able to buy and sell listedThis as the South African Reserve Bank's Prudential Authority is starting to look at regulating financial assets like cryptocurrencies.

Initially, the central bank's stance was that it would"look" at cryptocurrency developments, but it would not get involved.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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