Reserve Bank to declare crypto a financial product, enabling trade on local exchanges

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
 Crypto coins.
Crypto coins.
Getty Images

In the next 12 to 18 months, South Africans may be able to buy and sell listed cryptocurrencies on local exchanges, in a completely regulated environment.

This as the South African Reserve Bank's (SARB) Prudential Authority (PA) is starting to look at regulating financial assets like cryptocurrencies.

Initially, the central bank's stance was that it would "look" at cryptocurrency developments, but it would not get involved.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.68
-0.1%
Rand - Pound
20.07
+0.0%
Rand - Euro
16.96
-0.0%
Rand - Aus dollar
11.55
+0.1%
Rand - Yen
0.12
-0.2%
Gold
1,762.97
+0.1%
Silver
19.65
-0.8%
Palladium
2,140.20
-0.2%
Platinum
924.19
-0.5%
Brent Crude
93.65
+1.4%
Top 40
64,167
0.0%
All Share
70,967
0.0%
Resource 10
63,227
0.0%
Industrial 25
87,430
0.0%
Financial 15
16,160
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders