What is a crypto asset?

What is it? A crypto asset is a digital representation of value that is not issued by a central bank, but is traded, transferred and stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility, and applies cryptography techniques in the underlying technology.

Is arbitrum (ARB) underperforming the global cryptocurrency market?

With a price decline of -3.30% in the last 7 days, Arbitrum (ARB) is underperforming the global cryptocurrency market which is down -1.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

What does the SARB guidance note mean for crypto companies?

Crypto companies have complained long and hard about their treatment by banks, several of which terminated banking relationships because of the perceived risk. The Sarb guidance note appears to be an attempt to get banks to review those decisions and work a little harder at understanding the risks.

Is it time to bank crypto companies in South Africa?

The note to banks and other financial institutions was penned by PA CEO Fundi Tshazibana. In essence, Ehsani said, the authority has said thatit is “time to bank crypto companies”. “The PA is aware that certain banks in South Africa have previously opted to terminate [banking services provided to] crypto asset service providers (CASPs)…,”