Vryburger Nuus: Crypto & Volunteering Impact on SA
Crypto in SA: Navigating the Regulatory Landscape The recent Standard Bank court case highlighted the murky waters of South African cryptocurrency regulation. The ruling essentially stated that the Financial Intelligence Centre Act (FICA) (South Africa's anti-money laundering law) doesn't explicitly cover cryptocurrencies like Bitcoin. This creates a regulatory grey area, presenting both opportunities and risks. While this could potentially boost crypto adoption, it also increases the vulnerability to scams and fraudulent activities....