South Africa’s new crypto framework: ‘neither hostile nor friendly’
Risk-based approach will bring crypto operations within South Africa’s regulatory perimeter
Over the past six months, there has been pushback from many financial regulators worldwide around the use and exchange of crypto assets.
According to a 2018 report from the Law Library of Congress, nine countries have an absolute ban on crypto assets and a further 16 have an implicit ban in place.
On June 28, the UK’s Financial Conduct Authority banned Binance – the world’s biggest crypto asset exchange – from conducting any regulated activity in the UK. Chinese authorities have also been
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