In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa’s monetary system.
Source: https://cointelegraph.com/news/za-group-says-crypto-not-likely-to-be-a-threat-to-monetary-system
ZA Group Says Crypto Not Likely to Be a Threat to Monetary System
April 16, 2020
CoinTelegraph