Binance tightens South African compliance rules for crypto transfers
From Cointelegraph
April 23, 2025 04:47:00 converted to Friday, April 23, 2025 4:47:00 AM:
Binance to enforce compliance measures in South Africa, requiring sender and receiver info for all crypto transfers starting April 30. Failure to provide details may result in delayed transactions or return of funds. Users must re-login to their accounts by April 24. Source: Binance
South Africa strengthens oversight of crypto sector, with Revenue Service urging registration for individuals, exchanges, and intermediaries. FSCA warns against unlicensed firms promising unrealistic returns. Emerging economies like South Africa aim to become key digital asset hubs. South African crypto market projected to reach $332.9 million by 2028. Source: Cointelegraph, Statista
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