businessday.co.za·3 min read·hard
Crackdown on crypto flows aims to keep SA off greylist
S
Stella Mapenzauswa
✦AI Summary
South Africa is implementing new regulations on cross-border cryptocurrency transactions to prevent money laundering and terrorist financing. These measures are intended to keep the country off the FATF greylist.
The Treasury and the South African Reserve Bank have introduced new proposals to direct cross-border transactions in crypto as part of a broader effort to strengthen the oversight of financial activities and curb emerging risks associated with virtual assets.
businesscryptoeconomy
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