The South African Reserve Bank (SARB) has filed an appeal challenging a recent Pretoria High Court ruling, which criticized the use of outdated, apartheid-era legislation to regulate cryptocurrency. The central bank is pushing back against a legal loophole that could potentially allow unlimited funds to exit South Africa via crypto, a move SARB warns could undermine national financial security.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
$566M Bitcoin Escape? South Africa’s Crypto Laws Just Got Exposed!
The South African Reserve Bank (SARB) has filed an appeal challenging a recent Pretoria High Court ruling, which criticized the use of outdated, apartheid-era legislation to regulate cryptocurrency. The central bank is pushing back against a legal loophole that could potentially allow unlimited funds to exit South Africa via crypto, a move SARB warns could undermine national financial security.