Farzam Ehsani, VALR CEO, noted a substantial increase in total crypto market capitalization, growing from 800 billion USD to 3.4 trillion USD since January 2023. He mentioned Bitcoin’s remarkable surge from 16,500 USD to 96,000 USD, emphasizing the untapped benefits for South African pension funds due to current restrictions.

Both Farzam Ehsani of VALR and Marius Reitz of Luno Africa advocate for revisions in regulations. They argue this change can synchronize South Africa with global financial leaders and boost institutional crypto investments, potentially enhancing economic growth and investor protection.