Absence of blockchain regulation confuses policy-makers
The lack of a regulatory framework in SA to govern blockchain transactions has resulted in many negative implications, says the University of Pretoria's Dr Neil Croft.
The South African Reserve Bank has established a fintech programme to assess the emergence of new technologies, including crypto-currency, and to consider its regulatory implications.
Digital currencies and distributed ledgers/blockchains hold substantial value for emerging economies, but what are their implications and how, if at all, will they be regulated?