Tech Lawyer Sees Possibility of Bitcoin Regulation in South Africa

A senior associate and technology lawyer at global financial law firm Norton Rose Fulbright has discussed the legality of bitcoin in South Africa, a country where the cryptocurrency remains unregulated.
In a blog published yesterday, Kerri Crawford, a technology lawyer and senior associate at global law firm Norton Rose Fulbright discussed cryptocurrencies with a particular focus on bitcoin.
Based in Johannesburg with a focus on e-commerce and information technology, Crawford writes that Bitcoin usage in South Africa isn’t illegal. She also notes that bitcoin acceptance among vendors is growing, with a fellow law firm also accepting payment in the cryptocurrency.
The legal status of Bitcoin in South Africa is akin to that of most countries around the world, wherein cryptocurrencies aren’t prohibited or outlawed outright.
Crawford underlines the same while referencing a joint advisory [PDF] issued by the country’s major financial authorities and regulators in 2014, alerting citizens to be aware of the risks associated with using or investing in virtual currencies.

This post was published at Crypto Coins News on 27/07/2016.