South Africa’s Reserve Bank to introduce Stricter Cryptocurrency Regulations

South Africa’s Reserve Bank to introduce Stricter Cryptocurrency Regulations

At this point in time, there are several countries with a stricter economy, which impose currency controls in an effort to limit the amount of capital that is sent outside the nation. Understanding currency controls South Africa is one of these countries, given the fact that citizens are limited to being able to send 1 million rand abroad without declaration (roughly $68K).