finsurv

Nam Phi proposes new regulations on cross-border crypto transactions

• South African lawmakers are proposing a new draft regulation on the transfer of crypto abroad.
• Under the draft, all cross-border crypto transactions must be carried out through licensed providers.
• These transactions will also have to be reported to FinSurv, the financial supervisory authority of the Central Bank.

#SouthAfrica #CryptoRegulation #FinSurv #CryptoNews #BinanceSquare

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Source: CoinDesk