Crypto regulations mean stiffer audit requirements for excha

Crypto regulations mean stiffer audit requirements for exchanges


MONEYWEB
app instead?
This will help attract investment into this rapidly growing sector.
By Wiehann Olivier
10 Dec 2020 
10:01 
Auditors will have to get creative in this ever-changing industry. Image: Shutterstock
In 2019 South Africa was ranked as the top country for ownership of cryptocurrency, with over 10% of South African internet users owning cryptocurrencies like bitcoin – the highest per capita in the world. These figures, reported in the Global Digital Report 2019, confirms that South Africa has truly embraced the digital revolution.
As more and more South Africans come to the realisation that cryptocurrencies are here to stay, they also tend to wonder how cryptocurrency gets its value.

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