Authorities will, as their next step, introduce know your customer (KYC) procedures and exchange control regulations. exchangecontrol kyc regulation
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank's Plan
In a report shared with Bitcoin.com News, Tax Consulting SA predicts that as the next step, SARB will introduce know your customer procedures and exchange control regulations. The consulting firm is, however, quick to point out that the South African Reserve Bank “will not interfere in the investment decisions made by crypto investors.”
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