SA crypto industry unites against new exchange controls

SA crypto industry unites against new exchange controls

Coalition of industry players argues proposed exchange control rules will be disastrous for SA, driving jobs and investment away.

South Africa’s crypto industry has formed a new coalition called ‘Catastrophe’ to fight proposed changes to exchange controls that they say discriminates against blockchain-based payments, and threatens jobs and investment.

Catastrophe stands for Crypto Asset Taskforce for Advancing Sound, Technology-Neutral Regulation for Opportunity, Prosperity and a Healthy Economy.

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The Writer’s Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail &…