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SARB to declare crypto a financial product and create a regulatory framework

Boundaries between the crypto world and the traditional financial system will increasingly become blurred, posing significant risk to financial markets

The SA Reserve Bank (Sarb) is planning to put in force the rule for crypto assets in the next 18-24 months, deputy governor Kuben Naidoo said, joining central banks across the world mulling the regulation of the sector, which has been susceptible  to advanced money laundering and other cyber-related crimes. ..

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