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Proposals for cryptocurrency regulation

Members of the public and impacted stakeholders have until 15 February 2019 to make submissions on policy and regulatory proposals for crypto assets. The Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), National Treasury (NT), South African Revenue Service (SARS) and the South African Reserve Bank (SARB) recently released a consultation paper on crypto assets.

The paper highlights the benefits and risks of the related activities, reviews the approaches by other jurisdictions, and presents recommendations for dealing with crypto assets from a South African perspective.

Input received will feed into a crypto assets policy paper that will set out the manner in which crypto assets will be managed within the regulatory perimeter in South Africa.

Your comments may be submitted by email to SARBFINTECH@resbank.co.za.

Click here to download the consultation paper.

Click here to read the joint media statement.

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