overseen by Louis Botha
Crypto assets are a young and boisterous part of the current financial landscape. Recent developments point to crypto assets becoming an entrenched, although still volatile, part of the global financial system. A prime example is El Salvador, which on 7 September 2021 became the first country to allow the use of a cryptocurrency as legal tender. In the same week, the US Treasury held engagements with industry representatives to gain insight into the regulatory requirements for a crypto asset known as “stablecoins”.
