Regulating virtual currencies in South Africa

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dc.contributor.advisor Brits, Reghard
dc.contributor.postgraduate Maliza, Phumelela
dc.date.accessioned 2020-12-21T09:53:38Z
dc.date.available 2020-12-21T09:53:38Z
dc.date.created 2020/04/09
dc.date.issued 2019
dc.description Mini Dissertation (LLM)--University of Pretoria, 2019.
dc.description.abstract In late 2008, a paper titled “Bitcoin: A peer-to-peer electronic cash system” was published by Satoshi Nakomoto. This paper introduced the global community to Bitcoin and by extension, to virtual currencies. The paper details the characteristics of Bitcoin, a virtual currency, and its linked enabling technology, named Blockchain. Since then, the popularity and use of virtual currencies has drastically increased. Virtual currencies are defined as “digital representation of value that can be digitally traded and function as a medium of exchange, a unit of account and/or a store of value but does not have legal tender status”. Much like the broader global community, virtual currencies are not viewed as legal tender in South Africa and as such are not subject to regulatory scrutiny. However, with this increased global popularity, central banks are awakening to the need to develop regulatory frameworks to deal with virtual currencies, to ensure the stability and integrity of financial markets. In this dissertation I will examine the current South African regulatory framework in relation to the issuing and supervision of legal tender and the broader financial services legal and regulatory framework. I will also consider international regulatory trends, in order to identify what regulatory enhancements could possibly be developed and implemented, to best regulate virtual currencies and financial technology.
dc.description.availability Unrestricted
dc.description.degree LLM
dc.description.department Mercantile Law
dc.identifier.citation Maliza, P 2019, Regulating virtual currencies in South Africa, LLM Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/77409>
dc.identifier.other A2020
dc.identifier.uri http://hdl.handle.net/2263/77409
dc.language.iso en
dc.publisher University of Pretoria
dc.rights © 2020 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
dc.subject UCTD
dc.title Regulating virtual currencies in South Africa
dc.type Mini Dissertation


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