Hi
I would appreciate any feedback from anyone on some questions I have. I have been reading about these exchange controls on crypto but still am not fully understanding of everything. I have read that you cannot transfer crypto from SA to international exchanges abroad. I am looking for answers to 2 questions.
1. Is it fully legal at this point to buy and withdraw crypto from the likes of Luno & Valr
2. If I purchase for example BNB from a local exchange, transfer that to my Trust Wallet, swap for some coins there, then transfer the BNB back to my local exchange and then cash out locally, is that kind of activity legal?
Thanks in advance.
I would appreciate any feedback from anyone on some questions I have. I have been reading about these exchange controls on crypto but still am not fully understanding of everything. I have read that you cannot transfer crypto from SA to international exchanges abroad. I am looking for answers to 2 questions.
1. Is it fully legal at this point to buy and withdraw crypto from the likes of Luno & Valr
2. If I purchase for example BNB from a local exchange, transfer that to my Trust Wallet, swap for some coins there, then transfer the BNB back to my local exchange and then cash out locally, is that kind of activity legal?
Thanks in advance.
