South Africa’s reserve bank (SARB) recently published a consultation paper in which it noted that a comprehensive set of regulatory guidelines must be created for cryptoassets - as they have the potential to play a key role in the world’s economy. The country’s National Treasury (NT) had issued an “initial public statement” on cryptoassets in 2014. The statement warned that “no legal protection, or recourse is offered to users of, or investors in, cryptoassets.”
