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PARAGRAPHThe change, which takes effect immediately and falls under the Financial Advisory and Intermediary Services Act,comes as countries around the world are moving to regulate cryptocurrencies more strictly, particularly amid the recent volatility in prices and the collapse of several important crypto firms. In Cryoto was by Block of Bullisha regulated.
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luno every dayCryptocurrency is currently unregulated in South Africa and accordingly financial planners and wealth managers are not allowed to provide advice about this. Inves Capital's managing director said "crypto is entering a new phase" of growth and ZARP is set to "play a central role.". Rather than investing for speculative purposes, most South Africans see bitcoin as a store of value and a means of remittance, aka money, enabling faster and.
