South Africa’s financial regulator, the F.S.C.A, is planning to unveil a regulatory framework covering cryptocurrencies early next year. According to F.S.C.A commissioner, Unathi Kamlana, the purpose of this will be to help protect vulnerable investors from high-risk assets.
The new regulatory framework will also consist of rules on how cryptocurrency trading should be conducted in the country.
The FSCA (Financial Sector Conduct Authority) is a regulatory body responsible for market regulation, conduct, and supervision. Guided by fairness and integrity, the FSCA works to protect customers while promoting fair treatment in the sector.