Enoch Godongwana says the draft cross-border rules need “a different approach” and a second version is coming.
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FNB has added crypto trading to its share platform with VALR, from as little as R10.
Luno’s submission on the cross-border crypto draft questions its consistency with South Africa’s IMF commitments.
A leading digital bank has joined the Catastrophe coalition, saying crypto rules should target activities, not technology.
VALR, Luno, AltCoinTrader and EasyEquities have joined a coalition fighting treasury’s proposed cross-border crypto ban.
The Bank has told TechCentral it is still engaging on crypto assets, including stablecoins, as an industry campaign builds.
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.
Bitcoin survived a 50% drawdown, a quantum scare and Wall Street’s embrace. Now what?
Exchange control rests on a 1960s view of money. It now restricts freedom, not capital flight, writes VALR CEO Farzam Ehsani.