Discuss the emerging legal implications associated with investing in cryptocurrencies. When answering the question please also review the IFWG Crypto Assets Regulatory Working Group position paper.
Highlight the risks of investing in crypto assets, the lack of a legal and regulatory framework, the absence of consumer protection laws in South Africa.
Why formulating a coherent and comprehensive policy
stance on crypto assets is important? To what extent has this been achieved?
Choose one country that has clear regulations on crypto currency and use that example to showcase how that regulatory framework mitigates some/all of the risks previously noted.
Feel free to approach it in a manner you believe will adequately answer the question.
Thank you.
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