South Africa proposes crypto exchange controls.
Authorities plan to bring cryptocurrencies under the country’s existing exchange-control framework.
The draft rules would limit how digital assets can be used in cross-border transactions and require tighter reporting.
Digital-asset firms have already paused at least three deals worth a combined R2.2 billion ($135 million).
The proposals aim to update decades-old capital-flow rules, reduce regulatory arbitrage and combat illiGit finance.
Public comment remains open until the end of September.
Meanwhile the market is moving
BTC just IS MOVING higher to $85,821 +5%
ETH following at $2,753 +2.97%)
BNB holding strong at $795 +1.73%
BTC leading the charge today. Watching if this strength holds into the next session.
You still bullish here or taking some off the table?
$BTC $ETH $BNB #SouthAfricaProposesCryptoExchangeControls
Authorities plan to bring cryptocurrencies under the country’s existing exchange-control framework.
The draft rules would limit how digital assets can be used in cross-border transactions and require tighter reporting.
Digital-asset firms have already paused at least three deals worth a combined R2.2 billion ($135 million).
The proposals aim to update decades-old capital-flow rules, reduce regulatory arbitrage and combat illiGit finance.
Public comment remains open until the end of September.
Meanwhile the market is moving
BTC just IS MOVING higher to $85,821 +5%
ETH following at $2,753 +2.97%)
BNB holding strong at $795 +1.73%
BTC leading the charge today. Watching if this strength holds into the next session.
You still bullish here or taking some off the table?
$BTC $ETH $BNB #SouthAfricaProposesCryptoExchangeControls
