Cryptocurrency News

South African exchanges welcome the new ‘crypto is financial asset’ ruling

07/14/2022

Less than a minute

2022.07.14 22:18

South African exchanges welcome the new ‘crypto is financial asset’ ruling

South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country.

The move to classify cryptocurrencies as financial assets and not currency has been talked about for some time by the South African Reserve Bank (SARB). Deputy governor Kuben Chetty confirmed that the new regulations would take effect over the next year, speaking in an online dialogue on Monday.

07/14/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 96,547.87 0.13%

Ethereum (ETH) $ 2,753.19 2.64%

XRP (XRP) $ 2.56 0.75%

Tether (USDT) $ 1.00 0.02%

BNB (BNB) $ 665.97 2.29%

Solana (SOL) $ 170.37 0.24%

USDC (USDC) $ 1.00 0.00%

Dogecoin (DOGE) $ 0.243874 0.76%

Cardano (ADA) $ 0.769283 0.27%

Lido Staked Ether (STETH) $ 2,743.21 2.39%

TRON (TRX) $ 0.241735 1.24%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 96,338.81 0.05%

Chainlink (LINK) $ 17.80 1.50%

Wrapped stETH (WSTETH) $ 3,286.04 2.63%

Avalanche (AVAX) $ 25.66 1.32%

Sui (SUI) $ 3.41 2.20%

Stellar (XLM) $ 0.330816 0.78%

Litecoin (LTC) $ 126.65 1.61%

the-open-network

Toncoin (TON) $ 3.76 4.58%

Shiba Inu (SHIB) $ 0.000016 2.38%

hedera-hashgraph

Hedera (HBAR) $ 0.214148 1.26%

LEO Token (LEO) $ 9.70 0.30%

USDS (USDS) $ 1.00 0.02%

MANTRA (OM) $ 8.51 11.88%

Hyperliquid (HYPE) $ 24.31 2.12%

Polkadot (DOT) $ 5.06 2.10%

WETH (WETH) $ 2,751.67 2.55%

Bitcoin Cash (BCH) $ 327.69 2.93%

Bitget Token (BGB) $ 5.08 0.78%

Ethena USDe (USDE) $ 0.999821 0.04%

Wrapped eETH (WEETH) $ 2,915.81 2.54%

Uniswap (UNI) $ 9.01 2.79%

Monero (XMR) $ 234.04 0.99%

NEAR Protocol (NEAR) $ 3.45 0.41%

Pepe (PEPE) $ 0.000009 2.64%

WhiteBIT Coin (WBT) $ 27.48 0.33%

Aave (AAVE) $ 245.97 1.58%

Ondo (ONDO) $ 1.15 1.70%

Bittensor (TAO) $ 430.99 1.53%

Aptos (APT) $ 5.98 0.42%

internet-computer

Internet Computer (ICP) $ 7.15 0.44%

Dai (DAI) $ 0.9999 0.01%

Official Trump (TRUMP) $ 16.21 0.42%

Ethereum Classic (ETC) $ 20.60 1.96%

Mantle (MNT) $ 0.911444 3.74%

tokenize-xchange

Tokenize Xchange (TKX) $ 38.05 2.89%

OKB (OKB) $ 49.40 0.55%

gatechain-token

Gate (GT) $ 23.48 0.77%

sUSDS (SUSDS) $ 1.04 0.03%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 96,516.86 0.12%