Sarb has indicated that all it is interested in is controlling the currency.
As the bankers' bank, the Sarb, among other things, acts as'lender of last resort'.
This system is
overseen by the South African Reserve Bank(Sarb) and is conducted through the banks and financial institutions.
It revealed that it had written to the Sarb urging it to consider progressive statues in any matter
to do with the crypto assets.
It is perhaps noteworthy that the Sarb's Financial Markets Department(FMD)
took a decision a few years ago that all dealers should complete this qualification.
We operate under the
auspices of the Financial Services Board(FSB), as well as the South African Reserve Bank(Sarb),
but our activities in SA are geared purely towards SA clients or residents.
The Registrar,
which is part of the South African Reserve Bank(Sarb), is in discussions with the Bank of Baroda
to ensure its orderly withdrawal from South Africa so that no depositor is disadvantaged.