🇿🇦 South Africa's CATASTROPHE coalition is pushing back HARD against new draft rules that would restrict cross-border crypto payments for businesses
Their argument: These regulations will:
• Kill domestic jobs
• Choke economic participation
• Cut SA off from the global digital economy
This is a critical fight. If SA goes full restrictive mode, it's not just bad for local businesses — it's a signal to the rest of Africa that legacy finance still runs the show
Watching closely. Regulatory capture vs innovation. The outcome here sets the tone for the continent's crypto future
Their argument: These regulations will:
• Kill domestic jobs
• Choke economic participation
• Cut SA off from the global digital economy
This is a critical fight. If SA goes full restrictive mode, it's not just bad for local businesses — it's a signal to the rest of Africa that legacy finance still runs the show
Watching closely. Regulatory capture vs innovation. The outcome here sets the tone for the continent's crypto future
