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
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...
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