Crypto News 

South African Central Bank to Reportedly Introduce New Crypto Regulations

“In August, major South African crypto exchange Luno saw an average daily trading volume exceeding 80 million South African rand ($5.4 million)” writes Ana Alexandre for cointelegraph.com. 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.South African blockchain development community SA Crypto told Business Report: Cryptocurrencies have proved to be popular in South Africa, with 10.7% of the country’s residents owning crypto, which is the highest of any country surveyed.Naidoo’s statements followed a decision of FirstRand Bank — one of the largest financial institutions in South Africa — to discontinue providing banking services to digital currency exchanges in late November.
 
Source: cointelegraph.com



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