AML/CFT regulation to cover crypto assets – Sarb
New proposals will construct a “limited” regulatory framework for crypto assets
The South African Reserve Bank is considering implementing new regulation to ensure crypto assets are subject to existing anti-money laundering and terrorist financing controls.
In a report produced by the central bank’s crypto asset regulatory working group, the central bank sets out analysis of the current regulatory environment.
“Given the related risk in crypto assets, it is proposed that South Africa moves to a higher level in 2019,” the report says.
At the time of its first report in
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