The South African Reserve Bank’s approach to FinTech

Gerhard van Deventer, South African Reserve Bank

I will discuss how ‘FinTech regulation’ fits into the ambit of the South African Reserve Bank (SARB), including providing some background to the establishment of the Fintech Unit in the SARB, as well as its purpose. The talk will cover the three focus areas for the unit, namely the policy and regulatory implications of FinTech; TinTech data collection; and innovation facilitation. These focus areas include the work the SARB is currently doing on updating its position on what many are now calling ‘crypto assets’, global and local collaboration – including participation in the Intergovernmental Fintech Working Group — and its own blockchain trial with Project Khokha.

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