After the recent UST crash, demands for more regulation in the crypto markets are likely to increase especially given the sentiment that stablecoins should be the first candidate for regulation.

Before the events of May this year, UST was the largest decentralised stablecoin, with a market capitalisation of almost $200 million in 2021.

Legal scholars are now calling for the introduction of strong regulations and one of them is Kara Meiring from the Dispute Resolution practice at a commercial law firm, Cliffe Dekker Hofmeyr and she spoke to Luyanda Maome to state their case..