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

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

South Africa’s central bank is planning new rules to prevent the use of crypto in evading currency control regulations. The new rules are expected to go into effect Q1 2020. South Africa’s central bank is planning to implement new regulations to prevent cryptoassets from being used to evade currency controls.