Cryptocurrencies give Sadc experts torrid time

BY MOSES MAGADZA/CLARE MUSONDA
THE Sadc model law on public financial management (PFM), which the Sadc parliamentary forum is developing has attracted more praise, with some people commending it for touching, albeit in passing, on cryptocurrencies while others have called for more guidance on the phenomenon.

A cryptocurrency is a digital currency that works as a medium of exchange through a computer network.  Last year, money laundering through cryptocurrencies increased by 30%, and moved about US$8,6 billion.

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