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Finance minister Enoch Godongwana makes important announcement about cryptocurrency regulations in South Africa | SA News


Finance minister Enoch Godongwana says he does not intend to draft a comprehensive cryptocurrency exchange control exemption framework.

Instead, the South African Reserve Bank (SARB) will publish a framework later this year that will cover the issue of cross-border crypto asset transfers.

This comes after the Pretoria High Court ruled in May that South Africa’s antiquated exchange control rules do not apply to cryptocurrencies and require urgent reform.

In addition to having strong words for the Reserve Bank…

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