South African Reserve Bank Supports Friendly Crypto Operations
According to the banking regulator, minimizing risk by disconnecting crypto-related consumers may represent a "threat" to financial integrity. The Reserve Bank of South Africa's Prudential Authority advised its subsidiar...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to the banking regulator, minimizing risk by disconnecting crypto-related consumers may represent a "threat" to financial integrity. The Reserve Bank of South Africa's Prudential Authority advised its subsidiaries to avoid illegal activity, asking banks not to terminate all links with bitcoin.
It implied that such an act might pose a higher risk in the long term. Prudential Authority CEO Fundi Tshazibana signed the formal notification. Certain South African banks have already severed links with crypto asset service providers (CASPs), as referred to in the letter, due to unclear laws or a high-risk component. However, the ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Ethereum’s post-quantum roadmap puts banks on a 2027 deadline nobody is talking about
Ethereum's post-quantum migration could create a problem for regulated banks years before any quantum computer poses a real threat...
Academic study links 65,340 high-risk crypto addresses to $575M in losses from exposed private keys
The study highlights the urgent need for improved security practices in blockchain development to prevent significant financial lo...
Kraken Institutional supports Lombard’s transition to institutional Bitcoin yield
Lombard has spent the past two years bringing Bitcoin onchain at scale, and LBTC is now moving its yield source from Bitcoin staki...
Ethereum (ETH) Price Prediction: Ethereum Targets $2,900 Recovery as Staking Growth and Whale Demand Strengthen Bullish Outlook
Ethereum price is trading near $1,885 after recovering from the recent pullback towards the $1,850 support region. The move has pl...
Norges Bank Investment Management holds $400M in crypto assets through indirect exposure
The unintended crypto exposure of large funds like NBIM highlights the complexities and potential risks of passive investment stra...
Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF
Key Takeaways: Fidelity has applied to the SEC to enable it to stake an unlimited percentage of its eligible Ether under normal co...