South Africa issues draft rules for cross-border crypto

JOHANNESBURG, Aug 3 : South Africa took a step on Monday toward bringing cryptocurrency into its financial rulebook, releasing draft guidelines that for the first time spell out when moving crypto across borders becomes a regulated and reportable event.The draft Crypto Asset Manual, published jointly by the National Tr

South Africa’s finance regulator imposed record penalties as it sought to deter misconduct and boost trust in the industry.

South African Minister of International Relations and Cooperation Ronald Lamola has rejected allegations by Ghanaian nationals over South Africa’s treatment of foreign migrants, saying the country has the “sovereign right to enforce its immigration laws” while condemning isolated acts of violence.