South Africa’s Central Bank To Establish Self-Regulatory Body To Oversee Crypto Industry

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07 Apr 2018, 06:07

The South African Reserve Bank (SARB) is establishing a self-regulatory organization to control cryptocurrency and fintech developments in the country, the news outlet Finextra reported April 4th.

The SARB does not currently supervise or regulate cryptocurrencies, but in the interests of ensuring investor protections and preventing risk, it has opted to establish an investigative unit aimed at overseeing developments in the industry.

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