South Africa’s Central Bank Addresses Illicit Money Transfers in Bitcoin

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TheMerkle Sygniacoin South AfricaGovernments around the globe are trying to regulate cryptocurrencies to the best of their abilities. Particularly where criminal use cases of Bitcoin are concerned, some new rules need to be introduced. The South African central bank is currently working on a way to prevent the evasion of currency controls. Another Central Bank Focusing on Bitcoin According to the Reserve Bank of South Africa, cryptocurrencies are used on a “regular basis” for this type of purpose. This news isn’t entirely surprising, as other banks in the country have begun to clamp down on cryptocurrencies as well. There is currently no plan

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