The central bank of South Africa, responsible for monetary policy and financial stability in the country.
Treasury’s crypto crackdown is a betrayal of Mandela’s promise
Nelson Mandela pledged in 1996 to phase out exchange controls, a commitment that remains unfulfilled thirty years later. The South African Treasury's draft regulations aim to include crypto assets in capital flow management, replacing outdated apartheid-era regulations.
What Makes Offshore Money Transfers Challenging?
South African banks lag behind in international money transfers, using outdated technologies and manual processes. This leads to delays, frustration, and higher costs for customers.
