The Draft Declaration of Crypto Assets as Financial Products in South Africa and How It Compares with SEC Nigeria’s Classification and Treatment of Digital Assets

Crypto asset, digital asset, virtual asset, or other nomenclature you choose, this is the product of blockchain technology. Described as a “trustless technology” and “the second generation internet”, blockchain technology is enabling a transition from an internet of communication to an internet of value.For the first time in the history of mankind, anything of value from intellectual property to real estates,...