Treasury ‘is treating crypto like banknotes’

Treasury ‘is treating crypto like banknotes’

National Treasury aims to strengthen cross-border controls on crypto. (Image created via Google Gemini) National Treasury’s latest attempt to regulate crypto is based on a fundamental misunderstanding of blockchain technology. So say industry players after the department published a draft manual governing cross-border crypto transactions. The draft manual sets out the rules licensed crypto asset…

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Top ICT tenders: National Treasury prioritises e-procurement

Top ICT tenders: National Treasury prioritises e-procurement

National Treasury seeks to appoint a service provider to design, develop, implement and support an electronic procurement system. (Image source: 123RF) It’s a particularly busy week on National Treasury’s eTenders Portal, with over 700 notices featured in its opportunity section. While many of these are for quick turnaround quotation requests, the ICT industry will be…

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Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says

Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says

The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran’s regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent’s thinking told CBS News Saturday. The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and…

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