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HomeRegulationsSouth Africa’s regulator tightens guidelines for #crypto asset transfers

South Africa’s regulator tightens guidelines for #crypto asset transfers

The Monetary Intelligence Centre (FIC) in South Africa has issued a directive tightening laws on crypto asset transfers. This follows the licensing of 75 crypto asset service suppliers (CASPs) by the Monetary Sector Conduct Authority, aiming to boost the detection of unlawful transactions whereas elevating considerations over knowledge privateness and centralization.

#cryptonews #southafrica #cryptoadoption #bitcoin

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