CASE STUDY 🇿🇦 | How These 2 Legal Developments Provide Clarity on the Treatment of Crypto Assets in South Africa A crypto asset may be characterised differently depending on the purpose of the legislation being applied. The emerging trend suggests that regulators and courts are increasingly adopting a functional approach, assessing crypto assets according to the role they perform within a particular statutory framework. Taken together, the Joint Communication by key financial regulators and the Mangundhla judgment highlight the increasingly nuanced approach being adopted by South African regulators and courts. https://t.co/U53dCtT6qU