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Crypto changes in Africa

Published

3 years ago

October 20, 2022

Costa Haritos

South Africa has made crypto assets a financial product

It means digital assets are now under the scope of local regulators.

It defines crypto assets as a “digital representation of value” that is not issued by a central bank.

The change is immediate and comes as other countries scramble to regulate the digital sector.

It follows volatility in prices and the collapse of several firms.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.