Regulator probes SA’s first cannabis cryptocurrency sale
Financial Sector Conduct Authority investigates whether listed company Nutritional Holdings breached any laws or regulations
06 May 2021 - 19:15
The Financial Sector Conduct Authority (FSCA), the body that regulates and supervises the conduct of financial institutions, is investigating whether listed company Nutritional Holdings’s attempt to launch a cryptocurrency breached any laws or regulations.
The penny stock company attempted to raise money for its new cannabis supplement business through asking shareholders to invest in SA’s “first cryptocannabis currency”, a digital currency called Cannacrypt...
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