Described as a watershed moment for cryptos in SA, industry leaders say it will allow for mass adoption, including from institutional players, while making it easier to snuff out scams.
On Wednesday, South Africa declared crypto assets to be a financial product to make it easier for regulators to monitor the market and help to safeguard consumers. | Business Insider Africa
Crypto assets are to be treated as financial products in South Africa, to make it easier for regulators to monitor the market and help to safeguard consumers.