Cryptos recognized as “Cyber-Tokens”

Crypto Exchange Market Platform News

Francois Groepe, the South African Reserve Bank Deputy Governor, coined cryptocurrencies as ‘cyber-tokens.’ The official cited, “We don’t use the term cryptocurrency because it doesn’t meet the requirements of money in the economic sense of the stable means of exchange.” Groepe added that the “compliance with relevant financial surveillance or exchange-control regulations” should be overlooked.

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