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South African Reserve Bank encourages friendly behavior with crypto

2022.08.18 19:22

South African Reserve Bank encourages friendly behavior with crypto
South African Reserve Bank encourages friendly behavior with crypto

The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency.

It suggested that such an act could cause greater risk in the long run.

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