Last week in review: SA regulator to release crypto regulatory framework in 2022

It might be the festive season, but crypto takes no breaks. Luno CEO Marcus gave his thoughts on crypto’s astronomical growth in 2021, South Africa shared fresh details on regulation, and Reddit could go public with an IPO.

A lot happened in crypto last week. Here are our picks of the top headlines to come from it.

 

Luno CEO: ‘Industry Accelerated a Lot Faster This Year Than We Anticipated’

What

CEO of Luno Marcus Swanepoel reveals his thoughts on the acceleration of the crypto industry

Why

2021 has been a breakthrough year for the crypto market with new currencies, products and solutions emerging

What next

Luno will continue with its missions to upgrade the world to a better financial system across a global footprint

Read the full story here

SA regulator to release crypto regulatory framework in 2022

What

The Financial Sector Conduct Authority (FSCA), South Africa’s financial sector regulator, is planning to unveil a new regulatory framework for cryptocurrency sometime around the beginning of 2022

Why

The regulatory framework will set in place structures that deal with the trading of cryptocurrencies and how these products relate to traditional financial products. The news follows a spate of recent crypto scams in the country

What next

The FSCA, working with other regulatory bodies, including the prudential authority and the financial surveillance board, is set to release the first version of the regulation in the new year.

Read the full story here

German Sparkasse group mulls cryptocurrency trading

What

German savings bank group Sparkasse is considering offering cryptocurrency trading services to its clients

Why

The new German coalition government has highlighted cryptocurrency as a focus during its legislative period

What next

A committee will vote on a project’s findings in the New Year

Read the full story here

Reddit to go public in potential $15 billion IPO

What

Social news website Reddit has confidentially filed papers in the USA to go public

Why

Reuters reported in September that the company was hoping to hit a valuation of more than $15 billion by the time it planned to list its shares.

What next

The listing will go ahead in the new year

Read the full story here

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