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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.

More info can be found here.

Andrew is a law student currently studying at UNISA, and Global Crypto's in-house reporter. Andrew discovered blockchain in his final year of school and since developed a keen interest in the subject. He appreciates a good cup of coffee. When he is not too busy with work or studies, he enjoys playing a good round of golf.