Regulatory Gaps Leave South African Crypto Market Vulnerable

[lingriiddd]

The SARB’s latest report underscores that South Africa currently lacks a regulatory framework for global stablecoins, while crypto regulations remain partial. The central bank warned that risks could accumulate undetected, posing a threat to financial stability. The report contrasts with government actions, as the Financial Sector Conduct Authority has designated cryptocurrency as a financial product and issued licenses for crypto firms, reflecting a cautious but more supportive approach to digital asset adoption.

[Rimon Khan]

Regulatory gaps are leaving South Africa’s crypto sector exposed.

[Nahid Hossen]

Clear guidelines are urgently needed to protect users and investors.

[Abdul Khan]

The report contrasts with government actions, as the Financial Sector Conduct