SARB fights to reclaim R16m in crypto over outdated forex laws

SARB fights to reclaim R16m in crypto over outdated forex laws

A recent judgement finds that Bitcoin can’t be regulated under apartheid-era exchange control rules. The South African Reserve Bank (SARB) is appealing a Pretoria High Court ruling that set aside its forfeiture of more than R16.4 million held by Standard Bank, ruling that apartheid-era exchange control regulations can’t be used to deal with modern-day crypto-currency…

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SA’s data breach costs remain high, says SARB

SA’s data breach costs remain high, says SARB

Cyber attacks are a danger to SA’s financial stability in a time of uncertainty. The South African Reserve Bank (SARB) has warned that cyber attacks are a systemic danger to the country’s financial stability at a time when the global economic situation is as uncertain as during COVID-19. According to the central bank, a cyber…

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