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South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report
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cointelegraph.comUnathi Kamlana, the commissioner of South Africa’s Financial Sector Conduct Authority has reportedly said the government’s rollout of a crypto framework would be aimed at mitigating any potential risks.
According to a Friday report from Bloomberg, Kamlana said the financial regulator planned to present a regulatory framework early in 2022 intended to protect investors from “potentially highly risky” crypto assets. The commissioner said any framework on crypto would be created in coordination with the Prudential Authority and Financial Surveillance Board of the South African Reserve Bank.
“What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are
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