A draft rulebook proposes that sending crypto offshore must be conducted through an authorized provider and be reported to the central bank’s FinSurv.
- South Africa’s National Treasury and the South African Reserve Bank are moving towards regulating the use of cryptocurrency for cross-border transactions.
- A draft rulebook proposes that sending crypto offshore must be conducted through an authorized provider and be reported to the central bank’s Financial Surveillance Department.
- The two bodies have invited comments from interested parties with a deadline for submission of Sept. 30.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Bank group sues U.S. regulator over granting crypto trust charters
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