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South Africa’s Planned Crypto Curbs May Hit Deals Worth Millions

Source: Bloomberg

Crypto & Digital AssetsRegulation & LegislationCurrency & FXTrade Policy & Supply Chain

Digital-asset companies in South Africa have paused billions of rand in transactions amid proposed rules bringing cryptocurrencies under the country’s exchange-control regime. The changes would restrict crypto use in cross-border transactions, creating material regulatory uncertainty for the local digital-asset sector and potentially limiting capital flows.

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