Independent on Saturday

Regulating crypto sector is necessary and beneficial for all

THERE’S a lot of discussion about whether cryptocurrency regulation is necessary. People will say regulation prohibits innovation and growth, says cryptocurrency exchange Luno country manager, Christo de Wit.

Speaking to Personal Finance, De Wit said that regulating the crypto industry was necessary and one of the things that needed to be considered was that regulation should be timely. Cryptocurrency is being adopted by millions of people, not only in South Africa but globally.

De Wit said: “From a customer point of view, and a

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