Company comment
Regulators eye cryptocurrency surges
Reserve Bank will soon be applying foreign exchange controls
02 March 2021 - 20:01
The surge in bitcoin in 2021, which helped the cryptocurrency’s market capitalisation surpass $1-trillion at one point, has regulators eyeing digital assets with greater scrutiny.
A series of warnings in recent months from authorities ranging from the UK’s Financial Conduct Authority to the European Central Bank, have all contained a similarly ominous message: be prepared to lose everything...
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