South African Central Bank to Reportedly Introduce New Crypto Regulations By Cointelegraph

South African Central Bank to Reportedly Introduce New Crypto Regulations

The South African Reserve Bank (SARB) — the country’s central bank — is purportedly going to impose new regulations for the use of digital currencies in a bid to deter users from evading currency controls.

As local business-focused publication Business Report reported on Dec. 2, SARB’s deputy governor, Kuben Naidoo, said that the new rules will be implemented in the first quarter of 2020, following a five-year-long series of consultations on the matter.

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