South Africa Set To Regulate Bitcoin And Other Cryptos As Financial Assets

South Africa Set To Regulate Bitcoin And Other Cryptos As Financial Assets


Bitcoinist
2022-07-14 16:00:16

Cryptocurrency regulation in South Africa seems to have become a reality and will set a pathway to maintain compliance in crypto and Bitcoin assets. The South African Reserve Bank (SARB) is pioneering the regulatory activities expected to start next year. According to the rules, the regulations would treat Bitcoin as a financial asset. This classification […]