CryptoThe Next Webabout 23 hours ago
South Africa proposes corporate stablecoin transfer ban
1 min read
South Africa's Reserve Bank and National Treasury proposed banning corporate cross-border stablecoin transfers, leaving individual allowances up to R2 million intact. Exchanges VALR and Luno objected, with Luno signaling a possible legal challenge if Treasury bypasses parliament. Public comment closes at the end of September.
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