07
Mar
Moses Magadza and Clare Musonda The SADC Model Law on Public Financial Management (PFM) that 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. Media reports say that last year, money laundering through cryptocurrencies increased by 30 percent and involved about US$8,6 billion. Cryptocurrencies constitute a rapidly developing phenomenon that is being aggressively marketed, especially on social media platforms. Some…