ISAAH MHLANGA: The FSCA prohibits retirement funds from investing in volatile crypto — for good reason
Popular crypto currencies have lost value at a staggering rate. The Financial Sector Conduct Authority is right to regulate these so-called assets to protect less-informed South Africans
17 November 2022 - 13:15
The crypto market is under siege. The losses being sustained are causing bankruptcies in some of the main exchanges. The most recent exchange to file for bankruptcy is FTX after a major liquidity crisis. This follows two crypto platforms, Celsius and Voyager, declaring bankruptcy in July this year.
This is a major talking point for market watchers, a risk for central banks that have financial stability mandates and painful for those not well informed who have taken their savings and leapt onto the bandwagon of crypto-market investing...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.