South Africa Proposes New Rules for Cross-Border Crypto Transfers

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The post South Africa Proposes New Rules for Cross-Border Crypto Transfers appeared first on Coinpedia Fintech News

South Africa has proposed new reporting rules that would, for the first time, classify certain cryptocurrency transfers as cross-border transactions. Under the draft framework released by the National Treasury and South African Reserve Bank, transfers from local crypto service providers to offshore exchanges or non-custodial wallets would require authorised processing and reporting. Individual users would …