Financial Assets

During a virtual seminar earlier this week, deputy governor Kuben Naidoo revealed the South African Reserve Bank’s plans to proceed with crypto regulation. Naidoo says the bank rather sees cryptocurrencies as "assets" rather than as conventional currencies. The institution will roll out somewhat crypto-friendly laws within the next 12-18 months. Crypto Adoption in South Africa South Africa’s crypto community is thriving significantly. According to research from exchange Luno, roughly 13% of the nation’s residents hold digital assets of some kind.…