#SouthAfricaProposesCryptoExchangeControls
South Africa proposes foreign exchange controls for cross-border crypto.
Draft Crypto Asset Manual. National Treasury and Reserve Bank.
Objective: supervise capital flows and reduce gaps.
Industry concerned. VALR: R$ 2.2 billion in investments pending.
Tension: control vs usability.
Critics: restrictions may push legitimate activities abroad.
My view: it’s not a ban. It’s deciding whether crypto operates under the same rules as traditional FX.
Consultation until September 30. Important days for the industry.
The test: regulation that creates safe rails without making the technology hard to use.
Should cross-border crypto have the same controls as traditional FX?
Notice: educational content only.
#CryptoRegulation #SouthAfrica #GrowWithSAC $NEAR $STRK $APT
#SouthAfricaProposesCryptoExchangeControls
South Africa proposes foreign exchange controls for cross-border crypto.
Draft Crypto Asset Manual. National Treasury and Reserve Bank.
Objective: supervise capital flows and reduce gaps.
Industry concerned. VALR: R$ 2.2 billion in investments pending.
Tension: control vs usability.
Critics: restrictions may push legitimate activities abroad.
My view: it’s not a ban. It’s deciding whether crypto operates under the same rules as traditional FX.
Consultation until September 30. Important days for the industry.
The test: regulation that creates safe rails without making the technology hard to use.
Should cross-border crypto have the same controls as traditional FX?
Notice: educational content only.
#CryptoRegulation #SouthAfrica #GrowWithSAC $NEAR $STRK $APT
#SouthAfricaProposesCryptoExchangeControls
