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Crypto regulations for South Africa are coming in 2022

Crypto regulations for South Africa are coming in 2022

The country’s Financial Sector Conduct Authority (FCSA) says it wants to establish a set of rules that will provide adequate investor protection, especially amid growing cryptocurrency-related fraud in South Africa.

According to Unathi Kamlana — South Africa’s top financial regulator — the crypto regulations will include provisions to govern cryptocurrency trading as well as matters relating to the interaction between digital currency and the country’s financial markets.

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