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3232South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset
https://www.digit.info/south-african-central-bank-now-considers-cryptocurrency-to-be-a-financial-asset/
Fri, 15 Jul 2022 09:30:34 +0000https://www.digit.info/2022/07/15/south-african-central-bank-now-considers-cryptocurrency-to-be-a-financial-asset/Read more]]>The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. A Safer Crypto Ecosystem […]
]]>South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022
https://www.digit.info/south-african-treasury-on-crypto-regulations-amendments-to-relevant-laws-to-be-finalized-in-2022/
Sat, 26 Feb 2022 06:30:15 +0000https://www.digit.info/2022/02/26/south-african-treasury-on-crypto-regulations-amendments-to-relevant-laws-to-be-finalized-in-2022/Read more]]>The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers […]
]]>Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time
https://www.digit.info/report-south-africa-bars-transfer-of-locally-acquired-cryptocurrencies-to-overseas-exchanges-offenders-face-jail-time/
Tue, 29 Jun 2021 04:30:23 +0000https://www.digit.info/2021/06/29/report-south-africa-bars-transfer-of-locally-acquired-cryptocurrencies-to-overseas-exchanges-offenders-face-jail-time/Read more]]>Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […]
The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. A Safer Crypto Ecosystem […]
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers […]
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […]