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South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

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Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

South Africa recently put in place a licensing regime for crypto with plans to hand out 60 licenses in the coming weeks.

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.Financial Advisory and Intermediary Services Act The country is set to choose its president on May 29. The current ruling party the African National Congress has dominated for 30 years, but now itsHowever, Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money believes that politics won't interfere with the country's crypto policies.

 

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