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The South African Revenue Service (SARS) has noted the phenomenal growth of the use of various digital currencies by many South Africans. Prominent amongst these is the prevalence of crypto assets.
Leading fintech company Kotani Pay has become the first on-ramp and off-ramp blockchain fintech to receive a Crypto Asset Service Provider (CASP) license from South Africa's Financial Sector Conduct Authority (FSCA).
Cryptocurrencies have disrupted the financial landscape over the past decade, capturing the attention of both novice and seasoned investors. Despite their high volatility, they offer substantial benefits for trading and international money transfers, creating new job opportunities for young professionals in finance.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?