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South Africa’s monetary regulator plans to introduce framework geared toward defending susceptible crypto traders: Report By Cointelegraph



Unathi Kamlana, the commissioner of South Africa’s Monetary Sector Conduct Authority, has reportedly mentioned the federal government’s rollout of a crypto framework could be geared toward mitigating any potential dangers.

Based on a Friday report from Bloomberg, Kamlana mentioned the monetary regulator deliberate to current a regulatory framework early in 2022 supposed to guard traders from “doubtlessly extremely dangerous” crypto belongings. The commissioner mentioned any framework on crypto could be created in coordination with the Prudential (NYSE:) Authority and Monetary Surveillance Board of the South African Reserve Financial institution.