South African Reserve Bank (SARB) governor Lessetja Kganyago argues against the classification of crypto as currency. In an interactive session during the Leadership Dialogues hosted by Wits Business School, the central bank chief described crypto assets as opposed to currency. Also Read: Forex Trading & Bitcoin Format for Yahoo Boy - (Complete Guide) In South Africa, the central bank governor provides two reasons why cryptocurrencies do not meet the three criteria for currencies. Cryptocurrencies are regarded as a form of digital money. The medium of exchange isn’t usually accepted as a standard. “Only the participants accept it.” The central bankers and other players in the legacy financial system often make similar attacks on Bitcoin and crypto assets in the form of criticism. Yet, crypto is being accepted more and more as a means of payment, particularly in retail markets. Aside from the adoption of Bitcoin as legal tender, El Salvador has become the first...