Africa in BusinessAfrica in Business

Calls for cryptocurrency regulation gain momentum 

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Some central banks across the globe are in the process of formulating a legislative framework to regulate the cryptocurrency markets. This amid growing concerns that the digital assets might be used in illicit cash flows. In South Africa, a high court has recently ruled that the country's exchange control regulations are outdated and need to be reformed to accommodate trade of cryptocurrencies and all forms of digital assets. A ruling, Luno, a South African-founded digital asset platform, agrees with. Marius Reitz, Luno's General Manager for Africa & Europe, says updated legislation will allow the digital asset industry to contribute more significantly to the economic growth of the markets they operate in. Thami Ngubeni spoke to Marius Reitz, Luno's General Manager for Africa & Europe

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