Tech Lawyer Sees Possibility of Bitcoin Regulation in South Africa
A senior associate and technology lawyer at global financial law firm Norton Rose Fulbright has discussed the legality of bitcoin in South Africa, a country where the cryptocurrency remains unregulated. In a blog published yesterday, Kerri Crawford, a technology lawyer and senior associate at global law firm Norton Rose Fulbright discussed cryptocurrencies with a particular focus on bitcoin. Based in Johannesburg with a focus on e-commerce and information technology, Crawford writes that Bitcoin usage in South Africa isn’t illegal. She also notes that bitcoin acceptance among vendors is....
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Cryptocurrency regulation in South Africa seems to have become a reality and will set a pathway to maintain compliance in crypto and Bitcoin assets. The South African Reserve Bank (SARB) is pioneering the regulatory activities expected to start next year. According to the rules, the regulations would treat Bitcoin as a financial asset. This classification […]