Why SA is cracking down on crypto exchanges

What a load of bs. If someone wants to margin trade and understand the risks then this baby sitting attitude is not helping.

For the gambler traders out there it is also absolute bs this baby sitting attitude. If someone is allowed to walk into a casino and lose their money for entertainment where they have no house edge at all then why the fk is the same person being coddled when it comes to entertaining themself margin trading assuming they do it just for shts and giggles.

Some people actually understand margin trading well enough to know what types of risk to take to get the best risk reward outcome.

FSCA should go babysit the failing JSE because soon there will be no more JSE at the rate they are collapsing right now. The FSCA should focus their energy on actual ponzi operations and outright scams while losses could still be prevented but of course that is FAR more work for the pathetic FSCA and they always jump in months after the scams collapsed.
 
.... because if government could tax the air we breath they would. Because that's what terrorists do.. they steal everything their dark hands can get hold of
 
Well, if the coffers have been cleaned out by theft there must surely be others that can be 'raided'....
 
WOW. So make a statement about margin trading being unregulated and suddenly you're cracking down. :ROFL: Also the reasoning is bs. I've had to do a lot more confirmation on Binance for more basic things than margin trading where I had to confirm I know the risks and watched tutorials. How do local brokers slip through with nothing but small print footnotes that losses can exceed trades. This is all about crypto vs the tradition market that pays these ransom fees.
 
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