Judge Criticizes South African Central Bank’s Crypto Regulation
- A South African High Court judge has criticized the SARB.
- The criticism is for using outdated exchange control laws.
- These laws date back to the apartheid era.
- The focus of regulation is on cryptocurrencies.
A High Court judge in South Africa has criticized the South African Reserve Bank for regulating cryptocurrencies with outdated apartheid-era exchange control laws, highlighting a need for updated legal frameworks in financial regulation.
Source (2.6)https://news.bitcoin.com/south-african-judge-slams-central-bank-for-using-apartheid-era-laws-to-regulate-crypto/?rand=52384
