South African regulators publish document classifying Stablecoins as a ‘special type of crypto asset’.

South African Regulators Publish Document Classifying Stablecoins As A 'Special Type Of Crypto Asset'.



In the year In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that issued a position statement on crypto assets in 2021, is expected to “publish the added value of stablecoins as a distinct crypto asset”. It is expected that the association is considering the impact on the domestic financial markets […]

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