South African financial regulator aims to introduce framework to protect vulnerable crypto investors: Cointelegraph report
[ad_1]
Unathi Kamlana, commissioner of the South African Financial Sector’s Behavioral Authority, said the government’s expansion of a cryptocurrency framework would be aimed at mitigating potential risks.
According to a Bloomberg report on Friday, Kamlana he said the financial regulator planned to introduce a regulatory framework in early 2022 to protect investors from “high-risk” cryptocurrencies. The commissioner said any framework for the crypto would be created in coordination with the Prudential Reserve Bank of South Africa (NYSE 🙂 Commission for Authority and Financial Supervision.
Fusion Media or anyone involved with Fusion Media will not be held liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be informed that one of the most risky forms of investment possible is the full information on the risks and costs associated with trading in the financial markets.
[ad_2]
Source link
