Ashlin Perumall, partner in the Corporate/MA Practice at Baker McKenzie in Johannesburg and fellow of the World Economic Forum's Centre for the Fourth Industrial Revolution.host Evan Pickworth speaks to Ashlin Perumall, partner in the Corporate/MA Practice at Baker McKenzie in Johannesburg and fellow of the World Economic Forum's Centre for the Fourth Industrial Revolution.
The readiness for the fourth Industrial Revolution in Africa, a rising tide of crypto fraud, the development of digital currencies in Africa, like central bank digital currencies and stablecoins, and how laws and policies are slowly evolving to adapt to rapid advances in digitisation are among the topics discussed.Ashlinwas part of the Digital Currency Governance Consortium at the WEF, which focused on assessing the future of digital currencies.
Simultaneously, the private sector has been experimenting with the notion of 'stablecoins' in the wake of the cryptocurrency boom. Stablecoins enable the payments and financial service promise of decentralised money to be realised by 'stabilising' the volatility of value, typically by using a reserve, algorithmic or other 'peg' to a real world asset or currency, such as the US dollar.
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