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Market Impact: 0.5
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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