South African government launches a working group to study cryptocurrency regulation

South African finance minister Tito Mboweni has announced the establishment of a cryptocurrency assets regulatory working group. As reported by a local news outlet BusinessLive, the group will be tasked with researching the technology to develop a “cohesive governmental response to cryptocurrencies and a unified intergovernmental regulatory framework.” The minister noted that the group will also look into the potential implementations of tokens and blockchain technology within the country.

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