Cryptic Death Stranding Teaser Sparks DLC or Sequel Speculation

3分钟前
cryptonewmedia

Switzerland’s Finma claims blockchain tech may worsen money-laundering risks

4分钟前
bitcoinwarrior

Deutsche Bank plans €100m streamlining project for retail ops

10分钟前
bankingtech

Ripple Discussion Requested – MoneyGram CEO’s Upcoming Interview on CNN

10分钟前
utoday

Are Turbo Certificates the Answer to CFD Restrictions?

22分钟前
financemagnates

Morgan Stanley plans 1,500 job cuts

28分钟前
bankingtech

Litecoin Consolidates at the Bottom of the Chart as It Battles Low Volatility

40分钟前
coinidol

11 December 2019 - ETH/ BTC – Weekly

40分钟前
cryptodaily

Ripple's Xpring Debuts New Platform for XRP Payments Integration

1小时前
utoday

Lithuanian Central Bank Publishes Crypto (CBDC) Research

1小时前
cryptonewmedia

BitPay now supports Gemini Dollar and other stablecoins

1小时前
bitcoinwarrior

EBA publishes sustainable finance action plan

1小时前
bankingtech

Cboe Global Markets agrees to acquire EuroCCP

1小时前
bankingtech

Binance.US Considering Listing TRON (TRX), NEM (XEM), Tezos (XTZ), and Ontology (ONT)

1小时前
cryptoglobe

US Indicts 3 for $722 Million Crypto Fraud

2小时前
financemagnates

Ethereum smart contract calls increasingly running out of gas post-Istanbul 

2小时前
bitcoinwarrior

UK remittance fintech Paysend secures Canadian MSB licence

2小时前
bankingtech

Bitcoin And Crypto Market Cap Turn Red: BCH, Litecoin, XTZ, TRX Analysis

2小时前
cryptonewmedia

Bitcoin Price Predicted to Skyrocket to $100,000 in 2020 by Silk Road Founder Ross Ulbricht

2小时前
utoday

Bitcoin value transfer occurring primarily between exchanges: Chainalysis’ Gradwell

3小时前
bitcoinwarrior

TTS235 David Skarica and Gabriel Kurman from LABitConf

3小时前
letstalkbitcoin

丹麥當局從嚴查稅!發函索取加密貨幣交易完整資訊

3小时前
blockcast

Ripple (XRP) Price Turned Sell On Rallies: BTC & ETH Down

3小时前
cryptonewmedia

Bitcoin [BTC] Price Pattern Projects a Bullish Reversal after Fall below $7000

3小时前
coingape

Twitch Streamer Stalker Is Running Rampant, Posts 400-Page Manifesto of Complete Insanity

4小时前
cryptonewmedia


South Africa Planning New Regulations to Prevent Use of Crypto in Currency Evasion

cryptoglobe

8天前前

South Africa’s central bank is planning to implement new regulations to prevent cryptoassets from being used to evade currency controls.

On Dec. 2, South African Reserve Bank (SARB) deputy governor Kuben Naidoo said the central bank is planning new restrictions on how much local currency can be sent outside of the country, including the use of crypto. According to Naidoo, the rules will reportedly be put into place in Q1 2020.

South Africans are currently restricted to sending a total of 11 million rand ($750,600) across borders, with anything over 1 million rand requiring a special application to the South African Revenue Service. Some within the country have begun using cryptocurrency as a convenient workaround for the fiat restrictions.

Naidoo and the SARB are hoping to institute new regulations to prevent the evasion of currency controls. As reported a premium on Bitcoin developed earlir this year in the country, partly because of the restrictions people face when sending money accross borders.

Already local South African banks such as FNB have begun to clamp down on crypto companies. According to a business report by IOL, FNB closed all business banking accounts for companies dealing in cryptocurrency last week.

The bank issued a statement on the decision,

FNB considers this to be a prudent course of action following a comprehensive review of the potential risks currently associated with these entities, particularly given that appropriate regulatory frameworks are not yet in place.

AltCoinTrader, one of South Africa’s largest cryptocurrency exchanges, said they were “disappointed” by the financial institution’s stance towards crypto.

Featured Image Credit: Photo via Pixabay.com

若涉及版权问题,请联系:content@hashbee.com,我们将立刻撤下新闻内容

0个评论