South Africa to Start Work on Stablecoin Regime, Will Start by | Crypto | Ethereum | Bitcoin
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
South Africa's Intergovernmental Fintech Working Group will conduct analytical work on use cases for stablecoins and consider an appropriate policy and regulatory response during the course of this year. The group is also considering the impact of tokenization on domestic markets. Tokenization is the representation of real-world assets (RWA) like securities on a blockchain.
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