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Bookmarking Crypto InsightsTue, 29 Jun 2021 04:30:23 +0000en-US
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1 https://wordpress.org/?v=6.9.4https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.pngSouth Africa regulators – DIGIT INFO
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3232Report: 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 […]
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 […]