Crypto assets and exchange control - Quo vadis

A long period of silence on cryptocurrency regulation in South Africa has finally been broken. South African Reserve Bank (SARB) Deputy Governor, Kuben Naidoo, has now confirmed that new regulations are set to be implemented within the next 12 to 18 months.
This development will see South Africa following other countries such as Russia, India, China, Canada, Australia, Brazil, Indonesia, Malaysia, and the Philippines, which have already clarified their regulatory stance in relation to cryptocurrency.
Cryptocurrency use in South Africa is in a healthy space, with around 13% of the population estimated to own some form of cryptocurrency, according to research from global exchange Luno. With more than six million people in the country having cryptocurrency exposure, regulation of the space has long been a talking point.

To talk about this Michael Avery is joined by Farzam Ehsani, CEO and co-founder of Crypto Exchange VALR; Sean Sanders, the CEO and founder of Revix and Jonathan Ovadia, CEO of Ovex