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Major change for people who buy and sell crypto in South Africa
The Financial Intelligence Centre (FIC) has issued Directive 9, which will require crypto platforms in South Africa to identify the parties to a cryptocurrency transaction.
This is part of an effort to get off the Financial Action Task Force (FATF) greylist by complying with its "travel rule" for virtual assets.
The Financial Intelligence Centre (FIC) has issued Directive 9, which will require crypto platforms in South Africa to identify the parties to a cryptocurrency transaction.
This is part of an effort to get off the Financial Action Task Force (FATF) greylist by complying with its "travel rule" for virtual assets.