South African Treasury Extends Crypto Rule Deadline to June 30 After Backlash

South African Treasury Extends Crypto Rule Deadline to June 30 After Backlash

South African Treasury Extends Crypto Rule Deadline to June 30 After Backlash
South Africa’s National Treasury and central bank have assured the crypto industry that proposed capital-flow regulations will not criminalize digital asset ownership or apply retrospectively. Modernizing Exchange Controls South Africa’s National Treasury and the South African Reserve Bank have sought to calm growing concern in the crypto industry, saying proposed changes to the country’s capital-flow
News Analysis
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South Africa’s National Treasury and central bank have reassured the crypto industry that proposed capital-flow regulations will not criminalize digital asset ownership or apply retrospectively. This reassurance comes after growing concern in the crypto industry over proposed changes to the country’s capital-flow rules.