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Lawmakers in South Africa question the regulation of crypto assets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Despite lawmakers’ support for monitoring crypto assets, legislators have asked how this sector can be regulated.

Image: Unsplashannounced on Wednesday that crypto assets will be classified as financial products in South Africa.

The FSCA published a notice on Wednesday which defined crypto assets as “a digital representation of value”.In addition, a difficult regulator could have a hard time regulating it since it involves exchanges between two individuals.

 

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