‘Sandboxes’ are all the rage with regulators since having been initiated by the UK’s Financial Conduct Authority in 2016. South Africa’s own Reserve Bank is in the process of establishing one which is expected to be operational in late 2019. Although regulators have a conservative mandate, it is also in their interests to encourage innovation.…
I recently read a post by Seshree Govender on stablecoins. In case you’re new to crypto, stablecoins are crypto assets which are backed by the value of a 'stable' asset. For example, the cryptocurrency Tether (USDT) is linked to the US dollar and Facebook’s Libra will be backed by a basket of real-world assets including…
Money is a fundamental part of the way any society operates, and governments have controlled how it is created and used. I have spent the majority of my professional life either working for, or building, banks. They are actually quite fragile financial entities, as the 2008 global financial crash reminded us. They pose systemic risk…