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A major South African investment firm, Sygnia Asset Management, with over $14.5 billion worth under management, has revealed that it will be launching a cryptocurrency exchange, “SygniaCoin” near the end of the year, as reported by BusinessTech May 25.

Magda Wierzycka, the CEO of Sygnia, place a lot of importance on the security and regulation of the exchange. She stated that all crypto trading would be liable to tax as governed by the South African Revenue Service (SARS). She also expects further crypto regulations to follow.

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The company will base its policies on the existing framework currently adopted by the major…read full story