Please watch the following free course sample, which includes an interview with Dr Arif Ismail, when he was Head of Fintech at SARB:

• Fintech in South Africa: Interview with Arif Ismail

In summary, the evaluation process for the SARB comes down to:

1. Describe policy/regulatory problem
2. Unpack economic use case
3. Provide an actor-network diagram
4. Take a policy stance

This is a reasonable approach, and appears simple enough, although a review of the proposed regulations on this basis could only be completed over many months, in part because of the complexity of modelling network diagrams into actor-network diagrams.

• Wikipedia: Actor-Network Theory
• A Brief Summary of Actor Network Theory

As an example, what do the actor-network diagrams look like for:

• multi-sig cold wallet transaction to hot wallet
• atomic swaps from one token to another via a 3rd party provider
• establishing channels in layer 2 solution like LN