The Professor said: 'The number of transactions tied to illicit transactions in the real world of rands and dollars, where we live, is 5%. That’s 50 times higher than crypto.' sarb
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
For Sidley, who is also a co-author of the book titled “Beyond Bitcoin: Decentralised Finance and the End of Banks,” this figure is much lower when compared with illicit transactions that involve fiat currency. According to the professor, because blockchain transactions are public, it is impossible to commit a crime that goes unnoticed. Sidley added that this level of transparency makes “tracking the proceeds of crypto crime” much easier.Meanwhile, Sidley also offered his thoughts on the SARB’s intention to regulate cryptocurrency as a financial asset. As previouslyby Bitcoin.com News, the SARB expects to have a crypto regulatory framework in place by the end of 2023.
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