VALR, Luno, AltCoinTrader and EasyEquities have joined a coalition fighting treasury’s proposed cross-border crypto ban.
Browsing: Cryptocurrencies
The Bank has told TechCentral it is still engaging on crypto assets, including stablecoins, as an industry campaign builds.
The regulator has imposed R10-million in penalties and 20-year debarments over trading in shares in September 2022.
South Africa’s financial services sector regulator has debarred Africa Bitcoin Corporation CEO Warren Wheatley.
Industry executives and analysts say that without legislation, regulations are vulnerable to shifting political winds and court challenges.
Crypto arbitrage firm Kastelo says every client watched a compulsory video and signed a mandate before any offshore trade.
Steven Boykey Sidley discusses x402, stablecoins and the payments layer the internet never had.
A rand stablecoin built for corporate treasuries has been launched just as Pretoria moves to fence those treasuries off.
Barring South African companies from moving crypto assets across the country’s borders will backfire, VALR has warned.
Draft Reserve Bank and treasury rules would ban companies from moving crypto across the border, in either direction.