Due to the rapid development of cryptocurrency, SARB reportedly planned to stricten the existing cryptocurrency regulation. It is currently unclear how the SARB will be able to monitor cryptocurrency being sent out of the country, but they may attempt to limit the amount of rand that can be exchanged to crypto. A representative has stated that conservative financial policies are bound to discourage innovation.
SARB Vision to Stricten Existing Crypto RegulationIncryptsDec 16, 20190
Mar 02, 2020
Feb 21, 2020