South Africa’s FSCA has revealed that it plans to unveil key regulations for the trading of cryptocurrencies in the country. The plan is designed to protect vulnerable and inexperienced traders.
FSCA Commission Unathi Kamlana said in an interview last week that these regulations should be available for review and publication in the first half of 2022. While there have been many suggested regulatory frameworks anticipated in South Africa, none have been finalised. This could be the first step toward finalisation.
Kamlana said that the regulation will cover whether cryptocurrencies threaten fiscal stability in South Africa.
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