Crypto firms in South Africa reportedly halt billions of rand in deals over proposed rules
Bloomberg reports that proposed changes would bring cryptocurrencies under South Africa’s exchange-control regime and limit their use in cross-border transactions.
TLDR
Digital-asset companies operating in South Africa have halted billions of rand in deals over proposed regulatory changes, Bloomberg reports, citing people familiar with the matter. The proposed rules would bring cryptocurrencies under the country’s exchange-control regime and limit their use in cross-border transactions.
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