Jump to content

Recommended Posts

Posted

People who use non-custodial crypto wallets may soon find it more difficult to transfer their tokens to local exchanges to sell back to fiat currency or trade for other cryptocurrencies.

 

The Financial Intelligence Centre (FIC) recently issued Directive 9, which implements a version of the Financial Action Task Force (FATF) “travel rule” in South Africa.

 

It will enter into force on 30 April 2025 and essentially requires crypto platforms in South Africa to identify the parties to a cryptocurrency transaction and verify the data.

 

Read the full article here: https://mybroadband.co.za/news/cryptocurrency/571044-warning-to-people-who-use-their-own-crypto-wallets-in-south-africa.html

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...