Wednesday December 18, 2024

South Africa’s Regulator Tightens Rules for Crypto Asset Transfers via Latest Directive

South Africa’s Regulator Tightens Rules for Crypto Asset Transfers via Latest Directive

by Bitcoin.com May 28, 2024 1 min read

(Originally posted on : Bitcoin News )

The Financial Intelligence Centre (FIC) has proposed a directive regarding crypto asset transfers. This directive follows the licensing of 75 crypto asset service providers (CASPs) by the Financial Sector Conduct Authority in South Africa. The FIC aims to tighten regulations by requiring CASPs to implement more detailed and stricter requirements for digital transactions. The directive’s […]

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