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Opinion

Blockchain revolution and financial regulation in South Africa

Francisco Khoza and Derryn Visser, Bowmans
Sept. 13, 2016, midnight
579

Word count: 1079

The provision of banking and financial services in South Africa is a highly regulated activity and the revolutionary Fintech (financial technology) is posing a significant challenge to the current regulatory framework. The challenge has been acknowledged by the South African Reserve Bank (SARB) in its position paper on virtual currencies issued in 2014.

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