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0 sats \ 1 reply \ @KenyaCoin 19 Oct 2022 \ on: South Africa to treat #Bitcoin and crypto as financial products. bitcoin
Here's an article on this development from Bloomberg:
Crypto Assets to Be Treated as Financial Products in South Africa https://www.bloomberg.com/news/articles/2022-10-19/crypto-assets-will-be-treated-as-financial-products-in-south-africa-from-today [Archive]
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0 sats \ 0 replies \ @KenyaCoin 19 Oct 2022
Here's the Tweet by the CEO of VALR exchange that kicks off a Twitter thread on this development:
This is an historic moment for South Africa:
Today the Financial Sector Conduct Authority (FSCA) declared a crypto asset as a financial product under the FAIS Act.
This Declaration was published in the Government Gazette as well as the FSCA website.
https://twitter.com/farzamehsani/status/1582775023709741058 [Nitter]
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