South Africa is proposing new rules for cross-border crypto transfers.
• 💰 Individuals can send up to $120,000 abroad per year. • 🏦 Tax-compliant individuals could have a limit of up to $600,000 annually. • 📊 Crypto exchanges would be required to report offshore crypto transfers. • 🔍 The measures aim to strengthen oversight of cross-border crypto activity.
• CryptoQuant data suggests BTC has entered a historically low valuation zone. • Similar conditions in the past have often appeared before strong Bitcoin recoveries. • This could be an important area for long-term BTC watchers.
🚨 Bitcoin Is Still Stuck in a Range • BTC has spent nearly two months trading sideways. • The summer rally many expected has yet to arrive. • 📉 No major breakout. • 😴 Just a slow and boring summer market. #Bitcoin #BTC #Crypto #CryptoNews