South Africa makes cryptocurrency legal – Katoch Tubes
South Africa pro crypto move
South Africa pro crypto move
What's the news?
What's the news?
South Africa has declared crypto assets as a financial product. A move appreciated by the crypto community.
The definition of assets
The definition of assets
The Financial Sector Conduct Authority of South Africa defines crypto assets as a digital representation of value that can be traded and invested.
Why this move?
Why this move?
The move came at the time of witnessing the exponential rise of trading of crypto assets in the country.
Stopping the Scams
Stopping the Scams
By including cryptos among the financial products expands the reach of govt. in detecting crypto scams which now can be legally punished under the law.
Excluded Categories
Excluded Categories
Node operators, mining nodes, NFTs and NFT platforms are exempted under the declaration.
Brands accepting crypto
Brands accepting crypto
Swipe up & checkout the leading brands accepting crypto currencies