Story thread · 2 reports / 2 sources

South Africa wants to ban companies from moving stablecoins abroad. Individuals keep their allowance.

thenextweb.com · 3dShare

South Africa has proposed banning corporate cross-border stablecoin transactions, in draft rules released jointly by the Reserve Bank and National Treasury. It is one of the most aggressive attempts by any emerging economy to force borderless digital tokens back inside decades-old exchange control machinery. Under the proposal, South African companies could not make cross-border crypto transfers […] This story continues at The Next Web

First report: South Africa's cross-border crypto ban proposal sparks backlash — semafor.com, 4d