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